6. Binat died on March 13, 2018, leaving the following properties: Ordinary shares of ABC Corporation (2,500 shares) - listed in the Philippine Stock Exchange(highest - P40; lowest - P39. Ordinary shares of XYZ Corporation (1,500 shares) not listed in the stock exchange: Cost P50 per share; book value - P45 per share. Preference shares of OPQ Incorporated (3,000 shares) - not listed in the stock exchange. Cost P70 per share, book value - P65 per share, par value - P45 per share. Car (cost - P600,000; book value - P300,000; market value - P350,000) Real properties (zonal value - P140,000, assessed value P80,000) Compute for the gross estate of Binat?

6. Binat died on March 13, 2018, leaving the following properties: Ordinary shares of ABC Corporation (2,500 shares) - listed in the Philippine Stock Exchange(highest - P40; lowest - P39. Ordinary shares of XYZ Corporation (1,500 shares) not listed in the stock exchange: Cost P50 per share; book value - P45 per share. Preference shares of OPQ Incorporated (3,000 shares) - not listed in the stock exchange. Cost P70 per share, book value - P65 per share, par value - P45 per share. Car (cost - P600,000; book value - P300,000; market value - P350,000) Real properties (zonal value - P140,000, assessed value P80,000) Compute for the gross estate of Binat?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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