EXERCISE 4-2. PROBLEMS (de Vera, Jazreel S.

BS Accountancy V-B)

1. D. Nonresident aliens
2. D. Foreign shares, certificate of stock are kept in Makati.
3. Gross Estate (Resident Citizen) – A.

P3,000,000.0
Condominium unit, Manila 0
House, Australia 2,500,000.00
Car, Philippines 700,000.00
Appliances, Australia 650,000.00
Shares of stocks, domestic
corporation 350,000.00
Shares of stocks, foreign corporation 225,000.00
4. P7,425,000.0 Gross Estate (Resident Alien) – A.
Gross Estate 0
P3,000,000.0
Condominium unit, Manila 0
House, Australia 2,500,000.00
Car, Philippines 700,000.00
Appliances, Australia 650,000.00
Shares of stocks, domestic
corporation 350,000.00
Shares of stocks, foreign corporation 225,000.00
P7,425,000.0
5. Gross Estate (Nonresident Citizen) –
Gross Estate 0
A.

P3,000,000.0
Condominium unit, Manila 0
House, Australia 2,500,000.00
Car, Philippines 700,000.00
Appliances, Australia 650,000.00
Shares of stocks, domestic
corporation 350,000.00
Shares of stocks, foreign corporation 225,000.00 6. Gross Estate (Nonresident Alien with
P7,425,000.0
reciprocity) – B.
Gross Estate 0
P3,000,000.0
Condominium unit, Manila 0
Car, Philippines 700,000.00
P3,700,000.0
Gross Estate 0
7. Gross Estate (Nonresident Alien
without reciprocity) – B.
P3,000,000.0
Condominium unit, Manila 0
Car, Philippines 700,000.00
Shares of stocks, domestic
corporation 350,000.00
P4,050,000.0
Gross Estate 0
8. A.

P2,960,000.0
Real property (inherited from her husband on May 3, 2013) 0
Personal properties in Canada 1,300,000.00
Real and personal properties in the Philippines 670,000.00
Family home in Canada 2,500,000.00
P7,430,000.0
Gross Estate of Dina Mathay 0 9. D.
P1,000,000.0
Domestic Shares 0
Tangible personal property,
Philippines 6,000,000.00
P7,000,000.0 10. C.
Gross Estate 0
Tangible personal property, P6,000,000.0
Philippines 0