ReSA, Review Sclraol Inc.

IRENEO/ESPENILLA
Auditing Probl,em 1-Quizzer 6 Solution Guide

zlo, ArB. B.
NV 12/3Ut4 Cost/Amortized co'*
SMC (600sh*P275) 165,000 156,000 (600sh*P260)
ABI (1,200shtP34o) 408,000 396,000 (1,200sh*P330)
TDI (P200,000395%) (Pss1, 033*u s)
-ryqry----349.18-
763,d)O 772,473
Unr.atizod ftoldio! b.&OCI

41. AtE c.

42. AE. C.
Proc€ds frcm sle of DEF (4,000sh*Pi3B) 552,000
CV (Fl"l\/ 12l3, /13) : 4,00osh*(P1,055,sC0/B,ooCsh) 528.250
Ralizcd Oain on sal€ f-:sr5o--l
43 Ans. D.
Prmmds fiom sle of JKL (4,00csh'p124)
cost: 4,00osh"(e1,180,000/10,000 j
R€aliz€d gain on sle

44. Ans. D.
TtEre slal be m realized gain/l6s frcm disfnsal to tu rcognized in t E prcfit or 16 under PFRS 9- The invesfnent shall b
remsuE) at FMV on tle dispos;,l date, recagnizing any iftreas4/dtrru* ln tte OCI/L- P@eeds from disfffal shalt fu equal
b the etryitp value, lhus m gain tr los shall fu mognized in tle prcfit or los ftom iE dispoel- Anv OQ/L retated b dE rctd
invsttrent shall fu trendered dircciiy to RE.
45, AB. D.
FA at FMV throLrqh P&L FMV (72./31/14 Cn
ABC (13,C00'P153.20) 1,991,600 1,984,000 (P1,52s,000+P459,000)
DEF (4,000"Pl37) 548,000 528,250 (4,000sh*(P1,056,500/8,000sh) )
GHI ( P500,000{ 82. 229lo) 41 1,100 373,500
PQR (P400,000*98qs) (P400,000*9306)

Unmlized holding galn - P&L

46. Ans. D.
FA at FMV throrqh OCI/L ?Mv (72/37/74
JKL (6,000sh*P110.50) 663,000 708,000 6,0Cosh*(P1,180.o00/10,000sh)
MNO (20,00osh'P44) jlq0.000

UnrLPlized holding los - 9HE

.i, l

PROBLEiI9: EBC CQ-

47.4re. C.

Fair Marl(et Value, 12131/2013 P160,300

Fair Ma*d Value last rmsurei.rmt date, 12l3U2012 (re 1. below)
10o/o BS Tremury bond at.6t (prrichired in the current yer)
Unraalizerl Holdinq Lo6s
'Cost (P25,250 + 32,450) P,-t,700
FMV adjustmst credit tElane (500) 57.200

48. AB. B.
Fair Maftet value, 72/3f |ZAU P161,100
Fair Markd Value, last rmeasureinsrt date L2/3U2O1-3 160.300
Unrslized Holding Los f_______t-s.-5Tl

49, Am. A. 2009 2010

Face Valuc, 10o/o BS Treasury eor,.ls P100,000 P100,000
Multiply by: Interest Ete IAo/o
Annual ir1:gre* 10,000
Mulitidy by: Months ouHandirr:l 2lt2 r2lt2
Intcct in@m I pr,oozl pro,oool

5(). AN. C.
Fair Marllet Valre of the Inv. n:r tfolio, 72/31/2074 P161.100

slAn-s...C.
July 5 sale
Pr6ed5 frcm sale (450*1,C0!) P450,000
CV of share sold (570,300/2,0110)*'r,000 (285.000) 165,000
Oct. 11 sale
Pmeeds frcm sale (150*1,000) P150,000
CV cf shaE sld (285,000/3,0,.0).1,00d (95,000) 55.000
TOTAL GAIN FROM SALE OF |JIACK SH;ffis-@

52. Anr. C.
lune 1 sle
Proc*ch frcm ele (195+20,01f) P3,900,000 1

Cost of shecs sold (P3,000,0c4 -P90,000) 2,910.000 990,000

,i
Nov. 20
Prtr€ds frcmsale (3,700,0t10 300,000)
Cost of shaE
sold (7,500,000/50,0O0)*20,000
TOIAL GAIT{ FROM SALE OT' }'fIIITE SHARES

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