question archive A parent and its subsidiaries provided the following properties owned by the group for audit

A parent and its subsidiaries provided the following properties owned by the group for audit

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A parent and its subsidiaries provided the following properties owned by the group for audit. Land held for undetermined future use P 1,000,000 Vacant building to be leased out under an operating lease 2,000,000 Property held for use in production 4,000,000 Property held by subsidiary, a real estate firm, in the ordinary course of business 3,000,000 Building owned by subsidiary and the subsidiary provide security and maintenance services to the lessee 2,500,000 Land leased to a subsidiary under an operating lease 1,500,000 Equipment leased to an unrelated party under an operating lease 500,000 Building under construction for use as an investment property 3,500,000 1-3. In the consolidated statement of financial position of the parent and its subsidiaries, what total amount should be reported as investment property? 4-6. What total amount should be included in property, plant, and equipment in the consolidated statement of financial position of the parent and its subsidiaries?

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