Table of Contents

# Title
1-1 Review questions
1-2 Identification
1-3 True or false
1-4 Journalization and Financial Statement Preparation
1-5 Sole Proprietorship Converted to Partnership with Revaluation of Assets
1-6 Sole Proprietorship Converted to Partnership with Revaluation of Assets
1-8 Two Sole Proprietorships Converted to a Partnership
1-10 Two Sole Proprietorships Converted to a Partnership with Revaluation of Assets

1-1 Computation of Additional Cash Invested by a Partner

1-2 Computation of Investment by a Partner
1-3 Computation of Investment by a Partner

2-1 Review Questions

2-2 True or False
2-3 Journalization
2-4 Distribution of Net Income using Capital Ratio
2-5 Distribution of Net Income/Net Loss
2-6 Distribution of Net Income
2-8 Financial Statement Preparation

2-1 Computation of Partners' Share in Net Income

2-2 Computation of Partner's Interest based on Average Capital
2-3 Computation of Partner's Ending Capital Balance
2-4 Computation of Average Capital

3-1 Review Questions

3-2 True or False
3-3 Journalization
3-4 Admission of a Partner by Investment: Bonus Method
3-5 Admission of a New Partner by Investment: Bonus Method
3-6 Admission of a New Partner by Investment: Revaluation of Assets
3-7 Admission of a Partner by Investment: calculation of Required Contribution
3-8 Withdrawal of a Partner
3-9 Retirement of a Partner: Revaluation of Assets & Bonus Method

3-1 Admission by Purchase of Interest

3-2 Admission by Investment
3-3 Retirement/Withdrawal of a Partner

4-1 Review Questions

4-2 True or False
4-3 Journalization: Lump-Sum Liquidation: Gain on Realization
4-4 Lump-Sum Liquidation: Loss on Realization
4-5 Lump-Sum Liquidation: Application of Right of Offset
4-6 Lump-Sum Liquidation: Absorption of Capital Deficiency by Solvent Partner/s
4-7 Lump-Sum Liquidation: Deficient Partner is Solvent/ Insolvent (With
Preparation of Statement of Liquidation)

4-1 Computation of Cash settlement to Partners

4-2 Computation of Cash settlement to Partners
4-3 Computation of Cash settlement to Partners

ACTPACO K42
5-1 Review Question
5-2 True or False
5-3 Journalization: Installment Liquidation. Schedule of Safe Payments
5-3 Lump-Sum Liquidation: Schedule of Safe Payments

5-1 Computation of Cash settlement to Partners

5-2 Computation of Sales Proceeds & Cash S
ettlement to Partners

6-1 Identification
6-2 Modified true or False
6-3 Multiple Choice
6-4A Sole Partnership Converted to Partnership with Revaluation of Assets

6-1 Partnership Formation

6-2 Partnership Formation
6-3 Partnership Operations
6-4 Partnership Dissolution
6-5 Partnership Dissolution
6-6 Partnership Dissolution
6-7 Partnership Liquidation
6-8 Partnership Liquidation

7-1 REVIEW QUESTIONS

7-2 IDENTIFICATION
7-3 TRUE OR FALSE
7-4 Issuance of Share Capital at Par Value
7-5 Issuance of Share Capital Above Par Value
7-6 Issuance of Preference and Ordinary Shares at Par and Above Par
7-7 Two Classes of Shares
7-8 Two Classes of Shares
7-9 TRUE OR FALSE
7-10 No Par Value Shares
7-11 No Par Value Shares
7-12 No Par Value Shares

7-1 Computation of Contributed Capital and Unissued Share Capital

7-2 Computation of Cash Collection from Sale of Share
7-3 Computation of Total Contributed Capital

8-1 REVIEW QUESTIONS

8-2 TRUE OR FALSE
8-3 Delinquent Subscription Sold to Highest Bidder
8-4 Delinquent Subscription Sold to Highest Bidder/Reacquired by the Corporation

8-1 Highest Bidder Acquires Delinquent Stocks

8-2 Corporation Re-Acquires Delinquent Stocks

9-1 REVIEW QUESTIONS

9-2 MULTIPLE CHOICE
9-3 Purchase and Sale of Treasury Shares
9-4 Purchase and Sale of Treasury Shares
9-5 Purchase and Sale of Treasury Shares
9-6 Reconstruction of Journal Entries

9-1 Computation of Appropriation for Treasury Shares

9-2 Computation of Effect of Treasury Share Transactions on Accumulated Profits

ACTPACO K42
 9-3 Computation of Share Premium
9-4 Computation of Selling Price of Treasury Shares
9-5 Computation of Share Premium
9-6 Computation of Average Selling Price, Average Cost per Share and Number of
Outstanding Shares

10-1 REVIEW QUESTIONS

10-2 MATCHING TYPE
10-3 Cash Dividend
10-4 Small Share Dividend
10-5 Large Share Dividend
10-6 Dividends for Two Classes of Shares
10-7 Dividends for Two Classes of Shares

10-1 Cash Dividends for Two Classes of Shares

10-2 Cash Dividends
10-3 Cash Dividends for Two Classes of Shares
10-4 Share Dividends
10-5 Share Entitled to Dividends
10-6 Accumulated Profits
10-7 Accumulated Profits
10-8 Accumulated Profits

11-2

11-1 Computation of Total Shareholders’ Equity

11-2 Computation of Total Reserves, Contributed Capital, Accumulated Profits,
Shareholders’ Equity

13-1 TRUE OR FALSE

13-2 Computation of Book Value per share
13-3 Computation of Book Value per share
13-4 Computation of Basic Earnings Per Share
13-5 Computation of Basic Earnings per Share

14-1 MATCHING
14-2 MODIFIED TRUE OR FALSE
14-3 JOURNALIZATION
14-4 Journalization

14-1 Computation of Increase in Share Premium

14-2 Computation of Total Shareholders’ Equity
14-3 Computation of Effect of Error on Accumulated Profits and Shareholders’
Equity
14-4 Cash Dividends for Two Classes of Shares
14-5 Computation of Effect of Various Share Capital Transactions on Total Reserves.

Name: Jo, Hyun Min L. ID #: 10929576 Signature:

ACTPACO K42
 Table of Contents

Quiz 1
2
3

Midterm

Quiz 4
5
6

Name: Jo, Hyun Min L. ID #: 10929576 Signature:

ACTPACO K42