Chapter 15

Miscellaneous Topics

PROBLEM 15-1: TRUE OR FALSE

1. TRUE
2. TRUE
3. TRUE
4. TRUE
5. FALSE
6. TRUE
7. TRUE
8. FALSE (₱50 – ₱49) x $10 = ₱10 net gain
9. TRUE
10. TRUE

PROBLEM 15-2: MULTIPLE CHOICE

1. B
2. A
3. C
Co are rce y

4. B
se ia s
sh u tud

5. D
ur d v wa
6. A (1M x 50%) = .5M share in the profit of the JV
7. A
8. A ($1,000 x ₱50 x 95% x 2/60) = ₱1,583
s

9. C [$1,000 x (₱45 - ₱40)] = 5,000 loss

re is

10. D
Th

er
s o

This study source was downloaded by 100000828462125 from CourseHero.com on 07-15-2021

 PROBLEM 15-3: FOR CLASSROOM DISCUSSION
1. A
2. B
3. B
4. C
5. A
6. B
7. A
8. A
9. A
10. A

Co are rce y
se ia s
sh u tud
ur d v wa
s
re is
Th

er
s o

This study source was downloaded by 100000828462125 from CourseHero.com on 07-15-2021

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