4.1.

1
LITON COMPANY
1
Security Cost FV
A 195,000 225,000
B 300,000 162,000
C 660,000 678,000
Total 1,155,000 1,065,000

NI 900,000
Unrealized Loss (90,000)
NI, Adjusted 810,000 B
2
Security Cost FV
A 195,000 225,000
B 300,000 285,000
C 660,000 678,000
Total 1,155,000 1,188,000

NI 900,000
Unrealized gain 33,000
NI, Adjusted 933,000 D

2
CANDABA CO.
1
31-Dec-18
CA FV
Gandara Co. 570,000 (FV 2017) 586,500 (580,000 + 6,500)
Westin, Inc 81,000 (82,650 - 1650) 76,500 (75,000 + 1,500)
Total 651,000 663,000

Unrealized gain 12,000 A

2
Sale 460,500
CV 417,000
Gain on sale 43,500 C
3
FV
Gandara Co. 586,500 (580,000 + 6,500)
Westin, Inc 76,500 (75,000 + 1,500)
Total 663,000 B

4.2
MAGNOLIA CORP
1
Investent FV
Lj, Inc. 63,000
Polland Co. 126,000
Alabang Corp. 180,000
Total 369,000 A
2
FV, Dec 31, 2018 369,000
Acqusition Cost 381,000
Unrealized Loss (12,000) B
3
Sales 114,600
CA, 2018 126,000
Loss on sale (11,400) D
4
Investent CA, 2019
Lj, Inc. 60,000
Lj, Inc. 120,000
Dwarfy Company 36,000
Alabang Corp. 66,000
Total 282,000 C
5
Investent CA FV
Lj, Inc. 63,000 60,000
Lj, Inc. 99,000 120,000
Dwarfy Company 48,000 36,000
Alabang Corp. 180,000 66,000
Total 390,000 282,000

Unrealized loss (108,000) D

6
Sales, Lj 119,700
CV
1,000 shares 60,000
2,00 shares 120,000 180,000
Loss on sales, Lj (60,300)
Loss on sales, Dwarfy (8,100)
Total Loss, 2020 (68,400) D
7
Investment0 CA FV
Dwarfy Company 18,000 18,000
Alabang Corp 66,000 246,000
Total 84,000 264,000

Unrealized gain 180,000 A

8
Investment0 FV
Dwarfy Company 18,000
Alabang Corp 246,000
Total 264,000 C

4.3
FISHING CORP
1
Sales, Sept 28 252,000
Cost of share 180,000 1,980,000 36,000 3,600
Gain on sale 72,000 D
2
0 D
3
Shares 180,000
Dividend per share 1
216,000

Investment 216,000
Dividend Income 216,000 C
4
Investment Cost Shares Cost/share FV
Salomon Company 1,800,000 36,000 74 2,664,000
Tamban, Inc 7,200,000 180,000 32 5,760,000
Total 9,000,000 8,424,000

Unrealized Loss (576,000) D

5
Investment Shares Cost/share FV
Salomon Company 36,000 74 2,664,000
Tamban, Inc 180,000 32 5,760,000
Total 8,424,000 B

4.4
ANGLER COMPANY
a
Investment in bond 543,300
Cash 543,300
b
Cash 35,000
Investment in bond 7,835
Interest income 27,165
c
Cash 35,000
 Investment in bond 8,638
Interest income 26,362
d
Investment in bond 509,530

4.5
COLOONG CO.
1
Investment in Bond - FVOCI 1,075,000 C
2
FV, Dec 31, 2018 1,075,000
CA, Dec 31, 2018
FV, Dec 31, 2017 1,065,000
Amortization, 2018 (16,455) 1,048,545
Unrealized gain 26,455 A
3
FV, Dec 31, 2019 1,056,500
CA, Dec 31, 2019
FV, Dec 31, 2018 1,075,000
Amortization, 2019 (17,278) 1,057,722
Unrealized Loss (1,222) D
4
FV, Dec 31, 2020 1,030,000
CA, Dec 31 2020
FV, Dec 31, 2019 1,056,500
Amortization, 2020 (18,142) 1,038,358
Unrealized Loss (8,358) A
5
Dec 31 2020
FV 1,030,000
Less: Amotization Cost 1,019,018
Unralized Gain 10,982 D

4.6
BUNZOO COMPANY
1
FVOCI. Dec 31, 2018 950,000
FVOCI. Nov 1, 2018 1,000,000
Decrease (50,000)
Impairment loss 30,000
Cummulative loss - OCI (20,000)
2
Cummulative loss - OCI (20,000)
Decrease FVOCI
31-Dec-19 925,000
 31-Dec-18 950,000 (25,000)
Total (45,000)
Increases in Loss Allowance
2019 40,000
2018 30,000 10,000
Cummulative loss - OCI (35,000) C
3
Loss on sale (35,000) A

4.7
MAYON CORP.
Security Cost interest Period Interest Income
Tipo Co
Jan 1 - July 1 400,000 0 1 14,000
Turkey Co
Jan 1 - April 1 600,000 0 0 11,250
April 1 - Dec 31 300,000 0 1 16,875
Toll Co. 250,000 0 0 3,333
Total Interest Income 45,458
Dividend Income 250
Total 45,708
2
Security Sale Price CA Period Total
Turkey Co 305,000 609,450 1 304,725
Tipo Co 388,750 388,750 387,000
Total
3
Security CA FV INC/DEC
Concave Co. 121,500 110,000 (11,500)
Turkey Co 304,725 305,250 525
Newman, Inc 58,000 58,375 375
Toll Co. 252,500 252,500 -
Total 736,725 726,125 (10,600)

Unrealized Loss (10,600) B

4
Security FV
Concave Co. 110,000
Turkey Co 305,250
Newman, Inc 58,375
Toll Co. 252,500
Total 726,125 D
5
Turkey Co
Sale 301,500
CA 305,250
Loss on sale (3,750) A

4.11
CHICO COMPANY
1
Sales 835,000
Less: CA 800,000
realized gain 35,000
Unrealized Gain 300,000 800,000 500,000
RE 335,000 B
2
Security X
FV, Dec 31, 2019 200,000
Less: Cost 450,000
Unrealized loss (250,000) D

4.15
CHERRY INC
720,000 D

4.17
DURIAN CORP.
Purchase 270,000,000
Less: FV Associate Com NA
450,000,000
12,500,000
112,500,000
Total 575,000,000
Interest rate 40% 230,000,000
Goodwill 40,000,000 C
2
Purchase Price 270,000,000
NI 44,000,000 110,000,000 40%
Cash Dividend (16,000,000) (40,000,000) 40%
Increase BV Inventory (5,000,000) (12,500,000) 40%
Depreciation (3,000,000) (112,500,000) 40% 15
Investment Balance 290,000,000 C
3
NI 44,000,000 110,000,000 40%
Adjustment Inventory (5,000,000) (12,500,000) 40%
Adjustment Depreciation (3,000,000) (112,500,000) 40% 15
Investment Income 36,000,000 B

4.19
CUCUMBER CORP
1
NI 5,600,000 14,000,000 40%
Adjusted Inventory (200,000) (500,000) 40%
Adjusted Depreciation (100,000) (2,000,000) 40% 8
Investment Income 5,300,000 D
2
CA, December 31, 2018 44,100,000
Investment Income (5,300,000)
Dividend Received 1,200,000 3,000,000 40%
Acquisition Cost 40,000,000 A
3
Acquisition Cost 40,000,000
FVNA 32,000,000 77,500,000 500,000 2,000,000
Goodwill 8,000,000 A

4.20
CABBAGE COMPANY
1
underlying value 8,400,000 2,100,000 25%
FVNA
Acquisition Cost 7,200,000
Depreciable assets 180,000
Land 900,000 8,280,000
Goodwill 120,000 C
2
Investment Income 78,750 315,000 25% A
3
NI 202,500 1,620,000 25% 1/2
Adjustment depreciation (2,250) (180,000) 25% 10
Investment Income 200,250
4
Acquisition Cost 2,100,000
Investment Income 200,250
Cash dividend (78,750) (315,000) 25%
CA, Dec 31, 2018 2,221,500 A
5
FV Investment 2,250,000 9,000,000 25%

4.22
KANGKONG COMPANY
1
Acquisition Cost 16,500,000 250,000 66
NI
31-Dec-17 7,200,000
 30-Jun-17 3,360,000
Total 3,840,000
Interest rate 25% 960,000
Dividend Received (840,000) (420,000) 2
CA, Dec 31, 2017 16,620,000 A
2
Sales Price 6,800,000 100,000 68
CA, Sold (6,648,000) (16,620,000) 100,000 250,000
Gain on sale 152,000

FV retained Investment 10,350,000 250,000 100,000 69

CA reatined investment (9,972,000) (16,620,000) 150,000 250,000
Gain on measurement 378,000

Total gain 530,000 C

3
FV Dec 31, 2018 10,500,000 150,000 70
FV Jan 1, 2018 10,350,000 150,000 69
Unrealized gain on equity 150,000 B
4
FV Dec 31, 2018 10,500,000 150,000 70 D

4.23
LOVELY INC
1
CA 9,000,000 B
2
Dividend Income 140,000 100,000 1.4 A
3
FV 9,000,000
CA 8,000,000
Unrealized gain 1,000,000 C
4
FV 9,000,000
Cost of Sale 30,000,000
Total Cost 39,000,000
Less; CA 36,800,000 92,000,000 40%
Goodwill 2,200,000 B
5
Total Cost 39,000,000
Cash Dividend (1,080,000) (400,000) 2.7
NI 2,400,000 6,000,000 40%
CA, Dec 31, 2018 40,320,000 B
C

Gain on sale
275
1,750
2,025 A
40%

1/2