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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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question 9 please

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?
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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