ollectible immediately) = P23,440. · Cash = P10,000. · Common stocks of Entity Z, one of the most traded assets in Country A’s stock exchange, purchased by the airline to speculate = P2,715. · Oil Price derivative entered into by the entity to hedge the commodity price risk of the anticipated future purchase of oil for use in the entity’s operating business = P6,720. · A gold price derivative entered into by the
The
· Bank cheque account = P58,400.
· Bank savings account (collectible immediately) = P23,440.
· Cash = P10,000.
· Common stocks of Entity Z, one of the most traded assets in Country A’s stock exchange, purchased by the airline to speculate = P2,715.
· Oil Price derivative entered into by the entity to hedge the commodity price risk of the anticipated future purchase of oil for use in the entity’s operating business = P6,720.
· A gold price derivative entered into by the entity to speculate = P9,880
· Treasury bonds issued by the government of Country A – P8,500. The entity acquired the bonds from the government one week before entity’s reporting date. The bonds mature 2 months after the date of acquisition (ie they are two-month bonds from the date of issue).
· Treasury bonds issued by the government of Country A = P6,300. The entity acquired those bonds from the government in the previous annual reporting date. The bonds mature 15 months after the date of acquisition (ie they are 15-month bonds).
In the absence of evidence to the contrary, the entity’s total cash and cash equivalent at December 31,2021 is:
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