X Brutus Company owned the followingo/3 investments at year-end before fair value adjustments and amortization: Financial...
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X Brutus Company owned the followingo/3 investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, P600,000; financial assets at fair value through OCI, P350,000; financial assets at amortized cost, P470,000. What total amount of noncurrent assets should be reported at year-end? * P1,070,000 P950,000 P820,000 P820,000 or an amount greater or less depending on the circumstances Correct answer P820,000 X Brutus Company owned the followingo/3 investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, P600,000; financial assets at fair value through OCI, P350,000; financial assets at amortized cost, P470,000. What total amount of noncurrent assets should be reported at year-end? * P1,070,000 P950,000 P820,000 P820,000 or an amount greater or less depending on the circumstances Correct answer P820,000
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Posted Date:
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