Black Legion Company reported the following information at the end of the current year: Investment...

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Black Legion Company reported the following information at the end of the current year: • Investment securities of P1,000,000. These securities are share investments in entities that are traded in the Philippine Stock Exchange. As a result, the shares are very actively traded in the market. Investment securities of P2,000,000. These securities are government treasury bills. These securities are government treasury bills. The treasury bills have a 10-year term and purchased December 31 at which time they had two months to go until they mature. • Cash of P4,500,000 in form of coin, currency, saving account and checking account. Investment securities of P1,500,000. These securities are commercial paper. The term of the papers is nine months and they were purchased on December 31 at which time they had three months to go until they mature. How much is the total cash to be reported at the end of the year? Black Legion Company reported the following information at the end of the current year: • Investment securities of P1,000,000. These securities are share investments in entities that are traded in the Philippine Stock Exchange. As a result, the shares are very actively traded in the market. Investment securities of P2,000,000. These securities are government treasury bills. These securities are government treasury bills. The treasury bills have a 10-year term and purchased December 31 at which time they had two months to go until they mature. • Cash of P4,500,000 in form of coin, currency, saving account and checking account. Investment securities of P1,500,000. These securities are commercial paper. The term of the papers is nine months and they were purchased on December 31 at which time they had three months to go until they mature. How much is the total cash to be reported at the end of the year?

Answer rating: 100% (QA)

The total cash to be reported at the end of the year is P450000... View the full answer