Which would not be reported as investment property

Reference no: EM132812615

Problem 1: Which of the following would not be reported as investment property?

a. Property owned by the entity and leased out under one or more operating leases.
b. Property held by the entity to be leased out under one or more operating leases
c. Real estate held for an undetermined future use.
d. Property owned by the entity and leased out to another entity under a finance lease.

Problem 2: A property is classified as investment property if

a. it is leased out under a finance lease.
b. the owner-occupied portion of the property is significant.
c. the entity provides relatively insignificant ancillary services (e.g., security, janitorial services, and the like) to the occupants of the property.
d. it is rented between a parent entity and a subsidiary and consolidated financial statements are prepared for the group.

Reference no: EM132812615

Questions Cloud

Which generally provides the best evidence of fair value : Which generally provides the best evidence of fair value of an investment property? Discounted cash flow projections based on reliable estimates of future cash

How does the fair value model differ from revaluation model : How does the fair value model differ from the revaluation model? Increases in carrying amount above a cost-based measure are recognized in equity

Discuss the arguments for and against prescriptive authority : How did prescriptive authority originally undergo revision in Florida? Discuss the arguments for and against prescriptive authority for controlled substance.

Explain the options for the maturing LRSP : Explain the options for the maturing LRSP? Explain how the withdrawals work and the options that they have? What would you recommend

Which would not be reported as investment property : Which would not be reported as investment property? Property owned by the entity and leased out to another entity under a finance lease.

Outline three australian and international standards : List and briefly outline three Australian and international standards relating to corporate sustainability.

What amount is credited to Cash on the date of acquisition : Angola Corp acquired P2,000,000 12% bonds at 96 plus accrued interest. What amount is credited to Cash on the date of acquisition

Prepare the production budget for next fiscal year : Prepare the Schedule of Expected Cash Collections Budget for next fiscal year. Prepare the Production Budget for next fiscal year.

Find a specific emerging motivational system : The objective of this is to understand the motivation theories and develop such theories and principles as part of leadership and organization styles and also d

User Account

All Pages