Nicanor is a married man with surviving spouse: Community Properties: Real Property located in Manila - Php 5,000,000 Bank deposits - Php 5,000,000 Exclusive Properties: Family Home in Nueva Ecija - Php 10,000,000 Other Exclusive properties Php 2,000,000 Community Deductions: Funeral Expenses Php 500,000 Other Valid Deductions Php 1,000,000 Medical Expenses Php 1,000,000 Assuming Nicanor is head of the family, how much is the NET DISTRIBUTABLE ESTATE?
Nicanor is a married man with surviving spouse: Community Properties: Real Property located in Manila - Php 5,000,000 Bank deposits - Php 5,000,000 Exclusive Properties: Family Home in Nueva Ecija - Php 10,000,000 Other Exclusive properties Php 2,000,000 Community Deductions: Funeral Expenses Php 500,000 Other Valid Deductions Php 1,000,000 Medical Expenses Php 1,000,000 Assuming Nicanor is head of the family, how much is the NET DISTRIBUTABLE ESTATE?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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question 9 please
Transcribed Image Text:Nicanor is a married man with surviving spouse:
Community Properties:
Real Property located in Manila - Php 5,000,000
Bank deposits - Php 5,000,000
Exclusive Properties:
Family Home in Nueva Ecija - Php 10,000,000
Other Exclusive properties - Php 2,000,000
1.
Community Deductions:
Funeral Expenses Php 500,000
Other Valid Deductions Php 1,000,000
Medical Expenses Php 1,000,000
Assuming Nicanor is head of the family, how much is the NET DISTRIBUTABLE ESTATE?
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