NESTLE Inc., invested its excess cash in equity securities during 2016. The business model for these investmer to profit from trading on price changes. As of December 31, 2016, the equity investment portfolio consisted of the following: Investment Quantity 1,000 shares 2,000 shares 2,000 shares Cost P45,000 120,000 216,000 P381,000 Fair Value Lj, Inc. Polland Co. P63,000 126,000 180,000 P369,000 Alabang Corp. Total In the December 31, 2016, statement of financial position, what should be reported as carrying amount o
NESTLE Inc., invested its excess cash in equity securities during 2016. The business model for these investmer to profit from trading on price changes. As of December 31, 2016, the equity investment portfolio consisted of the following: Investment Quantity 1,000 shares 2,000 shares 2,000 shares Cost P45,000 120,000 216,000 P381,000 Fair Value Lj, Inc. Polland Co. P63,000 126,000 180,000 P369,000 Alabang Corp. Total In the December 31, 2016, statement of financial position, what should be reported as carrying amount o
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter8: Investing Activities
Section: Chapter Questions
Problem 11QE
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