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  • AP First PB - Solutions PDF

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    Arianne May Amosin
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    AP First PB - Solutions.pdf

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    15 views4 pages

    AP First PB - Solutions PDF

    Uploaded by

    Arianne May Amosin

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 4
    (CPA REVIEW SCHOOL OF THE PHILIPPINES. Manila ‘AUDITING PROBLEMS FIRST PRE-BOARD EXAMINATION PROBLEM 3 ~IDAHU, INC. 1, Canying value, Jan. 1, 2019 113,592 Premium amostization, Jan. 1 — June 30: ‘Nominal interest (P100,000 x 5%) 5,000 Effective intrest (P113,592 x 456) tase) 0) Carrying value, June 30, 2019 13,136 Premium amortization, July 1 ~ Dec. 34: Nominal interest 5,000 Effective interest (P113,136 x4%4) 14.525) a) (Canying vale, Dec. 33, 2019 Ra PROBLEM 4—YANG CO, 16, ma (P50,000~ P5,000)/4 x@/12, 7,500 ‘Ma (P84,000 — P8,000)/5, 15,200 1M3 (962,000 ~ P6,000)/4 14000 (Ma (975,600 — P7,000)/5 «11/12

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