Beruflich Dokumente
Kultur Dokumente
Quiz 1
Answer Key
True/False
1 B
2 A
3 B
4 B
5 B
6 B
7 B
8 B
9 B
1
0 A
Multiple Choice
1 B
2 A
3 D
4 C
5 B
6 A
7 A
8 D
9 B
1
0 D
Problem Solving
1 2,000,000.00
NONE. Because the increase in the fair value is not recognized under the cost
2 model.
OR
5 Land held by E for undetermined use 5,000,000 5,000,000.00
A vacant building owned by E and to be leased out under an operating lease 3,000,000 3,000,000.00
Land leased by E to a subsidiary 2,500,000
7 same as 6
LCNRV 3,200,000.00
9 Cost 5,000,000.00
CV 3,500,000.00
we use the lower between carrying amount depreciated as if it was not held for sale and its recoverable amount of
P3,600,000
10 CV 3,500,000.00
Gain 300,000.00
13 Zero
Total 490,000.00
18 Patent 490,000.00
Trademark 600,000.00
Goodwill 2,700,000.00
Total 3,990,000.00
PROBLEM 6
20 150,000 (180000)*(10/12)
PROBLEM 7
24 26,840,000
25 24,364,800
26 22,542,844
27 5,100,000