A decedent left the following properties: Properties Bank deposit in Japan Franchise in Japan Land in France (with PhP1 million unpaid mortgage) Land in Benguet Province (acquisition cost) Other personal properties Receivables from debtor in Philippines Receivables from debtor in Japan Shares of stocks of ABC, foreign corporation, 75% of the business in the Philippines Shares of stocks of PLDT, Philippines Zonal value of the land in Benguet Amount in Php 80,000 100,000 2,000,000 500,000 300,000 70,000 100,000 125,000 75,000 750,000

A decedent left the following properties: Properties Bank deposit in Japan Franchise in Japan Land in France (with PhP1 million unpaid mortgage) Land in Benguet Province (acquisition cost) Other personal properties Receivables from debtor in Philippines Receivables from debtor in Japan Shares of stocks of ABC, foreign corporation, 75% of the business in the Philippines Shares of stocks of PLDT, Philippines Zonal value of the land in Benguet Amount in Php 80,000 100,000 2,000,000 500,000 300,000 70,000 100,000 125,000 75,000 750,000

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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