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What is the net asset amount

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Question - On January 1, 2022 Mariana Corp paid P500,000 for 20,000 shares of Hailey Corp's ordinary sahres and classified these as HFT securities. Mariana Corp does not have the ability to exercise significance influence Haiely Corp. Hailey corp. declared and paid dividend of P0.50 a share to its stockholders during 2022. Hailey reported a Net income of 260,000 for the year ended 12.31.2022. The fair value of Hannah share on 12.31.2022 is P22/share. What is the net asset amount (includes investment and related market adjustments) attributable to the investment Hailey Corp that will be included on Mariana Corp's statement of financial position as at 12.31.2022?

Reference no: EM133187013

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