Question 25 Which of the following is not a financial asset? O Inventory O Cash O Receivables O Equity investment Question 26 It is any contract that evidences residual interest in the assets of an entity after deducting all of the liabilities. Equity instrument O Loan receivable O Financial asset with indeterminable fair value O Debt instrument Question 27 Alpha Company bought the following portfolio of trading securities near the end of 2021. Security Cost Fair value 12/31/2021 A P 80,000 P 84,000 B 60,000 54,000 22,000 22,000 What amount will be reported in the statement of financial position for this portfolio at December 31, 2021, and how will it be classified? Amount Classification a. P 162.000 Noncurrent Asset b. P 162.000 Current Asset C. P 160.000 Noncurrent Asset d. P 160.000 Current Asset O Option b O Optionc O Option d O Option a