Please answer #5 4. Cristian Punzalan has the following deposit accounts in a closed bank:Cristian Punzalan's business (sole proprietorship)P300,000P100,000P300,000P600,000Cristian PunzalanCristian Punzalan and Christian NiloCristian Punzalan and Nestor Tulang and Jerone Gatdula and Emman RiveraWhat is the maximum deposit insurance coverage as far as Cristian is concerned?5. Ronel is a partner of MW Partnership and a stockholder of LG Corporation. He has the following depositaccounts in a closed bank:Ronel's business (sole proprietorship)Ronel's personal savings accountRonel and Jhun and Eff and KarlaP350,000P500,000P600,000P650,000P400,000Ronel and MW PartnershipRonel and LG CorporationWhat is the maximum deposit insurance coverage as far as Ronel is concerned?

Insurance permissible = Ronel's business (sole proprietorship) = P250,000 Ronel's persona savings…

5. Ronel is a partner of MW Partnership and a stockholder of LG Corporation. He has the following deposit accounts in a closed bank: Ronel's business (sole proprietorship) Ronel's personal savings account Ronel and Jhun and Eff and Karla Ronel and MW Partnership Ronel and LG Corporation P350,000 P500,000 P600,000 P650,000 P400,000 What is the maximum deposit insurance coverage as far as Ronel is concerned?

5. Ronel is a partner of MW Partnership and a stockholder of LG Corporation. He has the following deposit accounts in a closed bank: Ronel's business (sole proprietorship) Ronel's personal savings account Ronel and Jhun and Eff and Karla Ronel and MW Partnership Ronel and LG Corporation P350,000 P500,000 P600,000 P650,000 P400,000 What is the maximum deposit insurance coverage as far as Ronel is concerned?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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