ABC Chapter 8 - Accounting for Business Combinations by Millan 2020 PDF

Title	ABC Chapter 8 - Accounting for Business Combinations by Millan 2020
Course	Accountancy
Institution	Universal College of Parañaque
Pages	2
File Size	42.5 KB
File Type	PDF
Total Downloads	630
Total Views	949

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Summary

11Chapter 8Chapter 8Separate Financial StatementsSeparate Financial StatementsPROBLEM 1: MULTIPLE CHOICE - THEORYPROBLEM 1: MULTIPLE CHOICE - THEORY 1. D1. D 2. A2. A 3. A3. A 4. D4. D 5. D5. DPROBLEM 2: FOR CLASSROOM DISCUSSIONPROBLEM 2: FOR CLASSROOM DISCUSSION 1. D1. D 2. B2. B 3. D3. D 4. D4. D ...

Description

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Chapter 8 Separate Financial Statements

PROBLEM 1: MULTIPLE CHOICE - THEORY 1. D 2. A 3. A 4. D 5. D

PROBLEM 2: FOR CLASSROOM DISCUSSION 1. D 2. B 3. D 4. D 5. D

Solution:  at cost = 400,000  at fair value = 450,000  using equity method = 400,000 + (500,000 x 10%) 10%)– –(150,000 (150,000 x 435,000

PROBLEM 3: MULTIPLE CHOICE - COMPUTATIONAL 1. D

2.

A

Solution: Investment in subsidiary (XYZ, Inc.)– Inc.)–at at cost 3. B Solution:

₱4,00 4,00

Investment in associate (Alphabets, Co.) – –atF ai r v va alue on Dec. 31, 20x1 

₱

42...