Using the data given below, compute for the total amount of items that meet the definition of financial asset Cash P 100,000 Fair value through profit or loss securities 500,000 Investment in associate 2,000,000 Trade receivable 1,000,000 Inventories 800,000 Prepaid insurance 50,000 Interest rate swap receivable 200,000 Investment in debt securities – FVTOCI 400,000 Investment in debt securities – AC 350,000 Land 2,000,000 Buildings 3,000,000 Machinery and equipment 1,500,000 Patents 250,000
Using the data given below, compute for the total amount of items that meet the definition of financial asset Cash P 100,000 Fair value through profit or loss securities 500,000 Investment in associate 2,000,000 Trade receivable 1,000,000 Inventories 800,000 Prepaid insurance 50,000 Interest rate swap receivable 200,000 Investment in debt securities – FVTOCI 400,000 Investment in debt securities – AC 350,000 Land 2,000,000 Buildings 3,000,000 Machinery and equipment 1,500,000 Patents 250,000
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Using the data given below, compute for the total amount of items that meet the definition of financial asset
Cash |
P 100,000 |
Fair value through profit or loss securities |
500,000 |
Investment in associate |
2,000,000 |
Trade receivable |
1,000,000 |
Inventories |
800,000 |
Prepaid insurance |
50,000 |
Interest rate swap receivable |
200,000 |
Investment in debt securities – FVTOCI |
400,000 |
Investment in debt securities – AC |
350,000 |
Land |
2,000,000 |
Buildings |
3,000,000 |
Machinery and equipment |
1,500,000 |
Patents |
250,000 |
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