Beched Company and its subsidiaries provided the following properties owned by the group: Land held by Beched for undetermined future use Vacant building, owned by Beched to be leased out under an operating lease Property held by Beched for use in production Property held by a subsidiary of Beched, a real estate firm, in the ordinary course of its business Building owned by subsidiary of Beched and for which the subsidiary Provides security and maintenance services to the lessees Land leased by Beched to a subsidiary under an operating lease Equipment leased by Beched to unrelated party under an operating lease Building under construction by Beched for use as investment property 1,000,000 2,000,000 4,000,000 3,000,000 2,500,000 1,500,000 500,000 3,500,000 In the consolidated statement of financial position of Beched Company and its subsidiaries, what total amount should be shown as investment property?

Beched Company and its subsidiaries provided the following properties owned by the group: Land held by Beched for undetermined future use Vacant building, owned by Beched to be leased out under an operating lease Property held by Beched for use in production Property held by a subsidiary of Beched, a real estate firm, in the ordinary course of its business Building owned by subsidiary of Beched and for which the subsidiary Provides security and maintenance services to the lessees Land leased by Beched to a subsidiary under an operating lease Equipment leased by Beched to unrelated party under an operating lease Building under construction by Beched for use as investment property 1,000,000 2,000,000 4,000,000 3,000,000 2,500,000 1,500,000 500,000 3,500,000 In the consolidated statement of financial position of Beched Company and its subsidiaries, what total amount should be shown as investment property?

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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Question

Beched Company and its subsidiaries provided the following properties owned by the group:
Land held by Beched for undetermined future use
Vacant building, owned by Beched to be leased out under an
1,000,000
operating lease
Property held by Beched for use in production
Property held by a subsidiary of Beched, a real estate firm, in the
ordinary course of its business
2,000,000
4,000,000
3,000,000
Building owned by subsidiary of Beched and for which the subsidiary
Provides security and maintenance services to the lessees
Land leased by Beched to a subsidiary under an operating lease
Equipment leased by Beched to unrelated party under an operating lease
2,500,000
1,500,000
500,000
Building under construction by Beched for use as investment property
3,500,000
In the consolidated statement of financial position of Beched Company and its subsidiaries, what
total amount should be shown as investment property?

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