P12,510,000P18,510,000P22,310,000P23,610,000 How much is the gross estate under Absolute Community of Property? *Mr. J. Chavez died leaving the following properties:|Rest house in Cebu, acquired before marriageIncome from rest house in CebuCondominium in Davao, brought to marriage by thewifeP6,000,000600,0003,600,00Income from condominium in Davao360,000Town house in Quezon City, acquired duringmarriageIncome from the town house in Quezon CityCar, inherited by the wife during marriage (thedecedent provided in his Will that it shall form part ofthe common properties of the spouses)Jewelry, acquired during marriage for the exclusiveuse of the wife10,500,0001,050,0001,300,000200,000

The Conjugal partnership of gains is a proposition that helps in the determination of the gross…

How much is the gross estate under Absolute Community of Property? * Mr. J. Chavez died leaving the following properties: Rest house in Cebu, acquired before marriage Income from rest house in Cebu Condominium in Davao, brought to marriage by the wife Income from condominium in Davao Town house in Quezon City, acquired during marriage Income from the town house in Quezon City Car, inherited by the wife during marriage (the decedent provided in his Will that it shall form part of the common properties of the spouses) Jewelry, acquired during marriage for the exclusive use of the wife P6.000,000 600,000 3,600,00 360,000 10,500,000 1,050,000 1,300,000 200,000

How much is the gross estate under Absolute Community of Property? * Mr. J. Chavez died leaving the following properties: Rest house in Cebu, acquired before marriage Income from rest house in Cebu Condominium in Davao, brought to marriage by the wife Income from condominium in Davao Town house in Quezon City, acquired during marriage Income from the town house in Quezon City Car, inherited by the wife during marriage (the decedent provided in his Will that it shall form part of the common properties of the spouses) Jewelry, acquired during marriage for the exclusive use of the wife P6.000,000 600,000 3,600,00 360,000 10,500,000 1,050,000 1,300,000 200,000

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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