year.investmentg amount of P8,000,000.ahares of Beta Companyan Beta' Company had 80,000amount and fair valus of3 600,000 and P3,900,000mid per-share dividend of. Compute the carrying amount of the investment atyear-end.aount of theProblem 17-7 (ACP)On January 1, 2016, Bypass Company acquired as n long terminvestment for P7,000,000 a 40% interent in an investee whenthe fair value of the net'assets was P17,500,000. The investeereported the following net losses:broadcas20162017201820195,000,0007,000,0008,000,0004,000,000attributable to aOn January 1, 2018, Bypass Company made cash advances ofP2,000,000 to the investee. On December 31, 2019, it is notexpected that Bypass Company will provide further financialsupport for the investee.Company has a20-yearbroadcast license.019.20.he investment inRequired:Prepare journal entries from 2016 to 2019 in relation to theinvestment in associate.

1. On 01.01.2016, Bypass company acquired as long term investment = P7000000 Interest of purchase =…

Problem 17-7 (ACP) On January 1, 2016, Bypass Company acquired as a long term investment for P7,000,000 a 40% interest in an investee when the fair value of the net'assets was P17,500,000. The investee reported the following net losses: 2016 2017 2018 2019 5,000,000 7,000,000 8,000,000 4,000,000 On January 1, 2018, Bypass Company made cash advances of P2,000,000 to the investee. On December 31, 2019, it is not expected that Bypass Company will provide further financial support for the investee. Required: Prepare journal entries from 2016 to 2019 in relation to the investment in associate.

Problem 17-7 (ACP) On January 1, 2016, Bypass Company acquired as a long term investment for P7,000,000 a 40% interest in an investee when the fair value of the net'assets was P17,500,000. The investee reported the following net losses: 2016 2017 2018 2019 5,000,000 7,000,000 8,000,000 4,000,000 On January 1, 2018, Bypass Company made cash advances of P2,000,000 to the investee. On December 31, 2019, it is not expected that Bypass Company will provide further financial support for the investee. Required: Prepare journal entries from 2016 to 2019 in relation to the investment in associate.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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During 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 loss
ABC Company provided the following information on December 31, 2020Share capital 5,000,000Subscribed share capital 3,000,000Subscription receivable 2,000,000Share premium 1,500,000Treasury Shares, at cost 700,000Retained Earnings 1,000,000Cumulative unrealized gain on Financial Asset at FVOCI 600,000What is the contributed capital on December 31, 2020?
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