Theirs Company owns the properties below, which it leases out under operating leases to the following: Fair Value P 5,000,000 Renter subsidiary Building Machinery 800,000 Associate Condominium Unit--- 3,000,000 subsidiary Land 8,000,000 Associate In Theirs's consolidated statement of financial position, how much would be presented as investment property?
Theirs Company owns the properties below, which it leases out under operating leases to the following: Fair Value P 5,000,000 Renter subsidiary Building Machinery 800,000 Associate Condominium Unit--- 3,000,000 subsidiary Land 8,000,000 Associate In Theirs's consolidated statement of financial position, how much would be presented as investment property?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Theirs Company owns the properties below, which it leases out under operating leases to the
following:
Fair Value
P 5,000,000
Renter
subsidiary
Building
Machinery
800,000
Associate
Condominium Unit---
3,000,000
subsidiary
Land
8,000,000
Associate
In Theirs's consolidated statement of financial position, how much would be presented as
investment property?
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