Question: 542 Chapter 9 PROBLEM 4: CLASSROOM ACTIVITIES ACTIVITY #1: INVESTMENTS MEASURED AT FVPL You are the accountant of ABC Co. The balance of ABC's investment

542 Chapter 9 PROBLEM 4: CLASSROOM ACTIVITIES ACTIVITY #1: INVESTMENTS MEASURED

542 Chapter 9 PROBLEM 4: CLASSROOM ACTIVITIES ACTIVITY #1: INVESTMENTS MEASURED AT FVPL You are the accountant of ABC Co. The balance of ABC's investment in PLDT shares (measured at fair value through profit or loss) on December 31, 20x1 is P189,120, before year-end adjustments. You have obtained the documents below for the purpose of adjusting this account. Requirement: Prepare the adjusting entry on December 31, 20x1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please make it organize thanks Investments in Debt Securities 559 13. Scaffolding Co. is contemplating on investing on 3-year, p1,000,000, 12% bonds to be classified as investment measured at...

Activity 1: Investments measured at FVPL You are the accountant of ABC Co. The balance of ABC's investment in PLDT shares ( measures at fair value through profit and loss) on December 31, 20x1 is...

Based on Chapter 3 "Operational Finance", describe how ratio analysis can be useful to operations management e system: Teaching Medicine, 329(14) mpetitive business CT: Greenwood 10 ad how they work....

Please help Chapter Bank Reconciliation 145 3/31/04 P37,200 d. PIGGY Bank receives P2,460,660 from ABC's customers. 10.300 ABC Co. collects P1,592,012 from customers and deposits the 47,50 collection...

hope you can help me with this. Thank you 510 Chapter 9 Cost Fair value 12/31/03 155,000 Fair value 12131/02 FVPL 150,000 150,000 130,000 100,000 FVOCI 120,000 14. What amount should Tyne report as...

Directions to students: Download the solution to part 1 in the doc share (FILE: Unit 1 ETHICS CASE) or by clicking on the button to the left. Review the solution to parts 1 and 2 in the case. Drawing...

I need solutions and I would like it to be organize as possible Basic Derivatives 687 to make Cougar's interest payment in 2003 and Cougar likewise agrees to make Aggie's interest payment in 2003....

Need Adjusted Journal Entries, (Instructions, Unadjusted Trial Balance, And Adjustments Needed) Are Posted. Adjusted Trial Balance, Income Statement, Statement of Retained Earnings, Balance Sheet,...

11. SCF sold equipment that it had originally purchased for $56000 for $30000. The accumlated depreciation on the equipment was $22000 at the time of the sale. Review of Transactions for Cash...

Please help me answer the conceptual framework for financial reporting consisting of true or false and multiple choice questions. Topics are presentation of financial statements, inventory, statement...

Jason, Jerry and Jim are partners of Marvelous Enterprise and have been carrying on a printing business for many years. The partnership deed provides the following: (i) Monthly salary of RM3,500 for...

Use a financial option model to estimate the value of the project with the growth option. Assume you have just been hired as a financial analyst by Tropical Sweets Inc., a mid-sized California...

The primary difference between mortgage and security deed is Mortgage specifies the collateral property and security deed transfers the title. Secunty deed creates the debt obligation and mortgage...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

What lessons in OD contracting does this case represent?

Does the code suggest how long data is kept and who has access?

Does the policy and code of conduct state who will have to comply with it?