ACCT 2A&B: Accounting for Partnership & Corporation

BCSV

*Suggested key*
I. CONCEPTUAL SKILLS.
A. True or False.
1. B 9. A
2. A 10. B
3. A 11. B
4. B 12. B
5. A 13. A
6. A 14. B
7. A 15. B
8. A
B. Multiple Choices.
16. C 24. B
17. B 25. A
18. A 26. D
19. D 27. D
20. D 28. B
21. C 29. C
22. D 30. B
23. C
II. COMPUTATIONAL & ANALYTICAL SKILLS.
1. P 62,900 30. P -0-
2. (P 37,900) 31. P 11,110
3. (P 7,580) 32. P 29,515
4. P 9,910 33. P 11,216
5. P 85,000 34. P 17,271
6. P 170,000 35. P 18,792
7. P 265,000 36. P 12,882
8. P 96,000 37. P 103,362
9. P 150,000 38. P 123,000
10. P 120,000 39. P 483,000
11. P 100,000 40. P 91,350
12. P 160,000 41. P 193,000
13. P 25,000 42. P 2,500
14. P 418,750 43. P 81,000
15. ANNIE 44. P 405,000
16. (P 39,000) 45. P 45,636
17. P 10,000 46. P 2,589
18. P 39,600 47. P 434,268
19. P 35,250 48. P 46,000
20. P 102,375 49. P 408,410
21. F 50. Y
22. P 45,000 51. P 134,947.50
23. P 37,500 52. P 382,847.50
24. P 95,000 53. P -0-
25. P 258,000 54. P 79,100
26. P 585,000 55. P 47,960
27. P 72,500 56. P 54,396
28. P 193,500 57. P 236,603.50
29. P 45,592.50 58. P 676,010

1|Page