PUMASA AKO Company and its subsidiaries own the following properties that are accounted for in accordance with international accounting standards: Land held by the parent for undetermined use A vacant building owned by the parent and to be leased out under an operating lease Property held by a subsidiary, a real estate firm, in the ordinary course of business Property held by the parent for use in production Building owned by a subsidiary and for which the subsidiary provides security and maintenance services to the lessees Land leased by the parent to a subsidiary under an operating lease 6,000,000 2,500,000 2,000,000 4,000,000 2,000,000 2,500,000 4,000,000 3,500,000 Property under construction for use as investment property Land held for future factory site Machinery leased out by the parent to an unrelated party under an operating lease 1,000,000 How much is the total investment property that should be reported in the consolidated statement of financial position of PUMASA AKO Company and its subsidiaries?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PUMASA AKO Company and its subsidiaries own the following properties that are accounted for in
accordance with international accounting standards:
Land held by the parent for undetermined use
A vacant building owned by the parent and to be leased out under
an operating lease
Property held by a subsidiary, a real estate firm, in the ordinary
course of business
Property held by the parent for use in production
Building owned by a subsidiary and for which the subsidiary
provides security and maintenance services to the lessees
Land leased by the parent to a subsidiary under an operating
lease
Property under construction for use as investment property
Land held for future factory site
Machinery leased out by the parent to an unrelated party under
an operating lease
6,000,000
2,500,000
2,000,000
4,000,000
2,000,000
2,500,000
4,000,000
3,500,000
1,000,000
How much is the total investment property that should be reported in the consolidated statement of
financial position of PUMASA AKO Company and its subsidiaries?
Transcribed Image Text:PUMASA AKO Company and its subsidiaries own the following properties that are accounted for in accordance with international accounting standards: Land held by the parent for undetermined use A vacant building owned by the parent and to be leased out under an operating lease Property held by a subsidiary, a real estate firm, in the ordinary course of business Property held by the parent for use in production Building owned by a subsidiary and for which the subsidiary provides security and maintenance services to the lessees Land leased by the parent to a subsidiary under an operating lease Property under construction for use as investment property Land held for future factory site Machinery leased out by the parent to an unrelated party under an operating lease 6,000,000 2,500,000 2,000,000 4,000,000 2,000,000 2,500,000 4,000,000 3,500,000 1,000,000 How much is the total investment property that should be reported in the consolidated statement of financial position of PUMASA AKO Company and its subsidiaries?
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