PROB 1

ABRIL CORP.
1.) TRADING SECURITIES AT FAIR VALUE 738,000.00
2.) UREALIZED LOSS 24,000.00
3.) LOSS ON SALE OF P CO. 23,000.00
4.) TRADING SECURITIES AT FAIR VALUE 564,000.00
5.) UNREALIZED LOSS (780,000-564,000) 216,000.00
6.)TOTAL REALIZED LOSS IN 2020 136,800.00
7.) UNREALIZED GAIN (528,000-168,000) 360,000.00
8.) TRADING SECURITIES AT FAIR VALUE 528,000.00

PROB 2
ARACENA
(A)
1.)TOTAL INTEREST AND DIVIDEND INCOME 91,416.00
2.) GAIN ON SALE OF T. S 4,050.00
3.) UNREALIZED LOSS ON TRADING SECURITIES 21,200.00
4.) TRADING SECURITIES AT FAIR VALUE 1,452,250.00
5.) LOSS ON SALE OF TURKEY BONDS 7500
(B)
2019 DR
Jan-01 CASH 73000
INTEREST RECEIVABLE
Apr-01 CASH 621250
TRADING SECURITIES
INTEREST INCOME
GAIN ON SALE OF T.S
May-21 CASH 500
DIVIDEND INCOME
Jul-01 CASH 50500
INTEREST INCOME
CASH 777500
TRADING SECURITIES
GAIN ON SALE OF T.S
Aug-15 TRADING SECURITIES 116000
BROKERAGE FEES 500
CASH
Nov-01 TRADING SECURITIES 505000
BROKERAGE FEES 1250
INTEREST INCOME 13333
CASH
Dec-31 INTEREST RECEIVABLE 42500
INTEREST INCOME
 UNREALIZED LOSS ON T.S 21200
TRADING SECURITIES
2020
Jan-02 CASH 42500
INTEREST RECEIVABLE
Feb-01 CASH 606750
LOSS ON SALE OF T.S 7500
TRADING SECURITIES
INTEREST INCOME

PROBLEM 3
1 48,000.00
2 0
3 144,000.00
4 (384,000.00)
5 5,616,000.00
CR

73000

609450
11250
550

500

50500

774000
3,500.00

116500

519583

42500
 21200

42500

610500
3750
PROB 1
ABRIL CORP.
1.) TRADING SECURITIES AT FAIR VALUE 738,000.00
2.) FAIR VALUE DEC 31, 2018 738,000.00
ACQUISITION COST 762,000.00
UREALIZED LOSS - 24,000.00
3.) SALE PRICE OD P CO. 229,000.00
CARRYING AMT. DEC 31,2018 252,000.00
LOSS ON SALE OF P CO. - 23,000.00
4.) TRADING SECURITIES AT FAIR VALUE 564,000.00
5.) INVESTMENT QTY C.V F.V
LJ INC. 126,000.00 120,000.00
LJ INC. 198,000.00 240,000.00
D CO. 96,000.00 72,000.00
ALABANG CORP. 360,000.00 132,000.00
TOTALS 780,000.00 564,000.00
UNREALIZED LOSS (780,000-564,000) 216,000.00
6.) SALE PRICE OF LJ INC. 239,400.00
CARRYING AMT. DEC 31,2018
1000 SHARES 120,000.00
2000 SHARES 240,000.00 360,000.00
LOSS ON SALE OF LJ INC. - 120,600.00
LOSS ON SALE OF D CO. - 16,200.00
TOTAL REALIZED LOSS IN 2020 - 136,800.00
7.) INVESTMENT QTY C.V F.V
D CO. 500 SHARES 36,000.00 36,000.00
ALABANG CORP. 2000 SHARES 132,000.00 492,000.00
TOTALS 168,000.00 528,000.00
UNREALIZED GAIN (528,000-168,000) 360,000.00
8.) TRADING SECURITIES AT FAIR VALUE 528,000.00
PROB 2
ARACENA
(A) INTEREST INCOME
TIPO CO. (800,000* 7%* 6/12) 28,000.00
TURKEY CO.
JAN 1-APR 1 (1200,000 * 7.5% * 3/12) 22,500.00
APR 1- DEC 31 ( 600,000*7.5% * 9/12) 33,750.00
TOLL CO ( 500,000* 8% *2/12) 6,666.00
DIVIDEND INCOME 500.00
TOTAL 91,416.00
2.) GAIN ON SALE OF TURKEY BONDS
SALE PRICE 610,000.00
CARRYING AMT (1,218,900* 1/2) 609,450.00 550
GAIN ON SALE OF TIPO BONDS
SALE PRICE 777,500.00
CARRYING AMT 774,000.00 3500
TOTAL 4050
3.) SECURITY CARRYING AMT F.V INC/DEC
CONCAVE CO. 243,000.00 220000 -23000
TURKEY BONDS 609,450.00 610500 1050
NEWMAN 116,000.00 116750 750
TOLL CO. 505,000.00 505000 0
TOTALS 1,473,450.00 1,452,250.00 - 21,200.00
UNREALIZED LOSS ON TRADING SECURITIES - 21,200.00
4.) TRADING SECURITIES AT FAIR VALUE 1,452,250.00
5.) SALE PRICE 603,000.00
CARRYING AMT 610,500.00
LOSS ON SALE OF TURKEY BONDS - 7,500.00
1 SALES PRICE (SALMON) 168,000.00
ACQUISITION COST 120,000.00
GAIN ON SALE 48,000.00

2 NO EFFECT. 0

3 ORDINARY SHARES 120000

DIVIDEND PER SHARE 1.2
DIVIDEND 144,000.00

4 SALMON (Book Value) 1,200,000.00 SALMON (Market Value) 1,776,000.00

TAMBAN (Book Value) 4,800,000.00 TAMBAN (Market Value) 3,840,000.00
TOTAL GAIN OR LOSS 6,000,000.00 less 5,616,000.00

5 5,616,000.00
= (384,000.00) Loss