ReSA, Revie!il Sctml Inc- IRENEO.

/ESPENILTA
Auditirog Proltlem Quizzer 6 Solution Guicle

53. Alts. D,
e,urcx INc.
r$t Gu3! no14) ?,000*150 300,000
Carrying wlre (285,000/3,000)*2,000 190,000 110,000
WHITE IiIC.
Ft"l/ (12l312o14) 3o.ooo*190 5,700,000
Carrying value (7"500,000./50.00O)t3o,0o0 4.500.000 1.200.000
UiIREALIZEIO HOL]DIISIG GAIII - P&L I L31O,OOO|

54. AE. D-
BrACr( iNC.: B'rV (12/31/2014) 2,0oo*1s0 300,000_.
wHfTE INc.: FIA/ (1231f2014) 30,000*190 s,700,0001 6,000,0(x)l

moglIil 11: ISt Zx, Oqqut..

55. ArE.A
Acquisition Gt 2,s92,000
BV of Nd Assets acquirEd (P6.4M*30%) 1f?qr!e-
Trtd o<ces of acq.rsa6,on Gt orer book Elue 672,OOO
Elaess attrih:taHe to Depreciable asset (P540K*30%) 192,000
Eicce lttributeblc to Goodwill [@
56. An.. c.
S,harE from the net income of asffiia;te (P1,280Kr30%) 384,000
UndersEtemsrt in dep-: (P192,000/8yE) (i4,000)
rnvcdmst lrmm l-:60;0@ I
5r. An$. A-
A.cquistion ct 2,592,000
Share from dividends (P6*a0,000sh) (240,0o0)
Share fmm ret income 360,000
Carryi ng ./a1ue, .1.2. / 3l / t4 2,712,000
Reovmble amount/Fbir valre ls c6t to sll:
(40,00oslrarErP64)
ImpzrimstlN
58, ArE. B.
Share fiom rc:t income 360,000
ImfEiment los (152,000)
Net rmormt to bo rqrdrtcd in thc insrc statcmnt l----fr?Fffl
59. Ani. B.
Divicl€nd income (p6*40,O00sh) 240,000
Unrealized hoiding 16 - FtrL
I{.. .mount lio b. r.portcd in thc inom ctNt rrmt f-1r,tr#8t
Ft'fV,tu3V74 (40,00G*P64) 2,560,000
carrying \ralue (Co6t)
Unrealized holding IG-P&L

6o. Atrs. C.

EBOCLEH ]2i!AGQUUTO @RP'

61. Anr. D.
Netimm 2,500,000
Less: PS share in net im (10%*P50*100,0OO) s0qpqo
OS share in net ircme 2,0o0,000
Muliy'y by: PDportionaE inteEt (50,o0osh/200,0o0st0 25lo
Share from rEt inme befoG adjustmts 500,000
UnderstatemF-nt in Depr: (P4M*2596)/5yE (2Oq,qQE
Adiu.tGd rhscfrom!{c llrore l----ffi@-l
62. An3. D.
Acquisition oo6t, Jaruary 2014 (50.000sh*P325)
SharE frorn rpt inmrne in 2014
Carrying vdm, DGmdGr 3L 2014
63. An6. C.
Net incorne 2,500,000
Multidy by: PrcI5rtionats inteEt (50,000sh/200,00osh)
Share ft-om r€t income batbre adjustmsts 625,000
Un#atemst in Depr: (P4M*25%)/5ys (200,000)
Adjurtd shamt'otrr N.4 lt6ru | 42s,Om J

-_25olo
64. Atrs. (:.
,Acquisition cost. lanHry, 2014 (50,000sh +P325) 16,250,000
Share from ret il.lme in 2014 - 425,000
Carrying wtq., Dcr.a&r" 31, iol4 | 16,67s,qrc |

65. An3. A.
Acquistion cost (3O0,ooosih*F'20) 6.000,000
BV of Net A-.st (P16M*30%) 4,000,000
Ev€ess of aoq. ct der b.Dk vdre 1,200,000
Excess atirib. to idertifiable asss
Land (P800,000i30%) 240,000
BuildirB(P1,200,000*30 ) 360,000
Ex6 attrib to Goodwill f 66;ffi1

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