Table 1

3 P7

4 T7, 17

6 6, 9

1
25 Q1 Sale Salaries and C 350
Dep Ex - Store Equip 60
FO 130
Rent Expense 55% * 250 137.5
Distribution Cost 677.5

Q2 Net Sales 8000-500 7500

COS -5625

GP 1875

Other Op. Income 50

Selling Cost -677.5

General and Admin Exp 650+120+70+112.5 -952.5

Income from Operation 295

Non Op Gain 50
Non Op Loss -40
Interest Exp/Fin Cost -180
Inc. b4 Tax 125
Income Tax -xx
NI xx
OCI, net of tax 90

Q3 Total Comprehensive Income 215

End Inv. 1025

26 A Dividend Revenue 4

Rent Revenue 25

Other Income 29

27 C Net Sales 180-16.5 163.5

COS -90
GP 73.5
Other Op. Income 6+30 36
Op. Exp 15+30+12+19.5 -76.5
Operating Inc. 33

Non Op Gain 0

Non Op Loss 0

Interest Exp/Fin Cost -18

Inc. b4 Tax 15

28 A Natural - No line item COGS, then

no GP

29 C Net Sales 438

COS -270
GP 168

30 A Income from Operation 440

2
 Non Op Gain 0

Non Op Loss -20

Finance Cost -40

Inc. b4 Tax 380

31 B Inc. Cont Op 200

Inc. Discont. Op -20

NI 180

32 D 24+6+21+30+2

33 Q1 Q2 Q3 Q4

175 525 140 250

600 300 248 228

136 48 900

820 700

153 1200

366 -400

450

2700 2373 388 1378

A B A D

34 B 820+313-85

35 B Beg, SHE 500+2500+200+2000+4000 9200

a 1000
b -300
c

e 120

g 400

h -522

I 1200

-200

End SHE 10898

Outstanding Ord. Shares 50+20-5 130

1.2

156

-15

10

154

Pref Div 5k*12 1048

3
 Ord Div 154k*3 462

1 C

2 D

3 B Method of Income Measurement in Computing Net Income -

IS Preparation - Transaction Cap Maintenance Approach
Approach and Transaction Approach
4 C

5 B

6 D

7 A

8 B

9 B

10 C

11 C

12 C

13 C

14 D

15 B

16 D

17 D

18 D

19 C

4
5 D CV (lower) vs RA 60 vs 62

4 A CV vs RA 900 vs 720

9000-729 180 IL

720-1080 360 Increase

180 (lower) vs 360 180

6 Initial CV 4400
Annual Dep 1000

CV 12/31/19 5000-1000 4000

7 A Initial CV 350
D Annual Dep 10000

Expired Useful Life 10 years

Remaining Useful Life 40 years

CV 1/1/21 400000-10000 390000

380000/39 yrs 9743.59

1 A Revenue 5800

Expenses -4400
Income from 1400
Operations

Termination/Relocation -200
Cost

IL 4000-3600 -400
DO b4 Tax 800
Tax -280
DO, aT 520

2 B 2020 2021

Revenue 3000 1300

Expenses -1600 -900

Income from 1400 400

Operations

Termination/Relocation 0 0
Cost

IL -300 300

DO b4 Tax 1100 700

5
 Tax -385 -245

DO, aT 715 455

RA, 2020 7700

RA, 2021 -8400
Increase -700 IL 300

3 C Revenue 0
Expenses 0

Income from 4500

Operations

Termination/Relocation 0
Cost

G/L on Disposal 12000-14000 -2000

DO b4 Tax 2500

Tax -750

DO, aT 1750

Continuing 15000
Discontinued 1750
Total NI 16750

6
1 C

2 B Accountability PCF 3000

Acc. For Total -2935.5

Shortage 64.5

IOU 400

Acc. Rec 340

Postage 200

Supplies 143.5
Cash Short. 64.5
Noodle Cap 1700
CiB 2848

3 A Actual Composition of PCF

4 A Coins and Currencies 7900

Rep. Check 2000

Accom. Check 2400

Total PCF 12300

Accountability 30000

Acc. For -29420 All

Shortage 580

5 A CE

Time Deposit 200

MM 250
TB 450

Total 900

6 B CoH 150

CiB 800

CiB - 2022 300

MM 150

Total 1400

7 D Unadjusted Bal 1267

a -180
b 111.6
c -93.6
d

e -250

7
 Total 855

8 C CoH 1000-200 800

PCF 40-10 30
Metro 2000+400 2400
East West 800-100 700
BSP 6000
Total 9930

9 B Unadj 360

OC -120

DIT 40

Bank Error 5

Adj. 285

10 B Unadj. 39.14
DIT 5
OC -5.2
Adj. 38.94

Unadj Squeeze 39.59

NSF -0.45

BSC -0.2

Adj. 38.94

Oct 31 Book 11+30-26.5 14.5

11 A DIT 1.4+30-21.4 10 10+.5 10.5

12 A OC .9+26.5-20.9 -6.5

Book Bank

Unadj. 14.5 11.52

DIT 10
UDR 0.5
OC -6.5
CM 1.1
BSC -0.03

NSF -0.05

13 B Adjusted 15.52 15.52

14 C Bank Book

Unadj. 50 51.24

10 -0.02

8
 -8.6 -0.1

0.28

Adj. 51.4 51.4

15 D Book October Rec Disb November

16 B Unadj 230 560 380 410

17 B -3 -3

18 A 4.5 -4.5

-12 -12

8 -8

-27 -27

-32 -32

10 -10

-5 5

Adj 198 518 345.5 370.5

Bank October Rec Disb November

Unadj 320 495 440 375

55 -55

105 105

-20 -20

149.5 -149.5

-157 -157

-27 -27

-67 67

Adj 198 518 345.5 370.5

19 A Correction
20 D

21 B

22 C

23 A

1 B

2 C

3 A

4 B

5 D

6 C

9
7 A

8 B

9 D

10 D

11 C

12 C

13 D

14 C

15 D

16 B

17 C

18 C

10
1 A Groceries 650
Household E 580

Service 550

Car Rentals 420

Total Trade 2200

2 B AR
500 60

7500 50

5100

70

8000 5280

2720

AR, end 2720

Allow, (5%) -136

NRV 2584

3 A AR

C 500 3018 (3020.16-2160)

B 3120 42

D 3620 3060

B 560

<60 336 0.01 3.36

61-120 123.2 0.12 14.784
121-180 84 0.55 46.2
>180 16.8 0.8 13.44

77.784
ADA

42 48 Provision 0

2.16 Credit Adj. 69.624

69.624 Total BDE 69.624

42 119.784

77.784

Gross AR end 560

Allow -77.784

NRV 482.216

11
 <60 336 0.01 3.36

61-120 123.2 0.12 14.784

121-180 84 0.55 46.2

64.344

4 C Manga

0 5850

6300

6300 5850

450

COS=Sales/140%

Sales = 4.5M *
140%

5 C Principal 411.351

B Interest 53.189

PV NR 464.54

Total SP 664.54
CV Equip -600
Gain on Sale 64.54

472.767

5%

Int Inc 2022 23.63835

6 D 2M * 2.673012 5346024

Jul, 2020 5346.024 Int Income

Dec, 2020 133.65 5479.674 2020 133.65

Jul, 2021 2000 187.111 3666.785 2021 278.781

Dec, 2021 91.670 3758.455 2022 175.507

Jul, 2022 2000 128.337 1886.792
De, 2022 47.170 1933.962

3758.455 C 1824.493 2M-175.507

NC 1933.962

12
7 A 4M 1.4M 5400 * PVF

C 3.5M 1M 4500 * PVF

B 3M 650k 3650 * PVF
2.5M 350k 2850 * PVF
1M 100k 1100 * PVF

12921.826
12921.826*1.14-5,4 9330.882
M

9330.882-1.14-4.5 6137.205
6137.205-1.14-365 3346.414
0

6137.205 C 2790.791

NC 3,346,414

2021

Cash 5400

409.056

Int Inc 1809.056 12921.826*12%

NR 4000

8 A Principal 500

1 Discount -30
Proceeds 470

2 Receivable 1000
Factored

Factoring Fee -50

Rec. -100

Proceeds 850 1320

9 C Principal 20000

A DIC 478.991

B DIF -2210.782
Initial AC 18268.209 5% ei

Principal 20M * PV 5% 15670.523

Int 2597.686
Inital AC 18268.209

13
 April, 2021 18268.209
Dec, 2021 450 685.058 235.058 18503.267
April, 2022 150 228.352 78.352 18581.619
Dec, 2022 450 696.811 246.811 18828.43

913410 C 685.058 228.352

NC 228.352 696.811

929081 C 696.811 925.163

NC 232.270

10 D 2,032,460 - ((1,000,000*PV-4@2%)*5%))

A PV-4(5%)*2200

1 D

2 A

3 D

4 C

5 C

6 C

7 D

8 A

9 D

10 C

11 A

12 B

13 B

14 A

15 A

16 B

17 C

18 B

19 A

20 B

21 B

22 D

14
21 B Cost 500

Purchased 22

Goods sold in transit 14

Consigment 7
Total 543

22 B Goods purchase FAS 105

Goods purchase CIS 50
Goods, purchased 250

Goods, sold 80

Out on consignment 40

Freight on consignment 3

Total 528

23 Q1 TGAFS 826

B FG, end -110

COGS 716

Q2 RM 85
WIP 30
FG 110
Total 225

24 B Sales 500

COGS -385

Returned -4

Commission Exp -75

Expense fr Consignee -4

NI 32

25 A Sales 1500
Commission -180
Amount paid (reimbursable) -2
Payable 1318

15
26 B TUAS 3930
Sold 1.2

WACC 3275 Per unit

27 Q1 Jan 30 14,000 15 210,000

D Jan 20 6,000 12 72,000

20,000 282,000

Q2 Jun 1 20,000 10 200,000

B Jun 15 -15,000 10 -150,000

Jun 15 5,000 10 50,000

Jun 18 20,000 11 220,000

Jun 18 25,000 10.8 270,000

Jun 20 15,000 12 180,000

Jun 20 40,000 11.25 450,000

Jun 25 -24,000 11.25 -270,000

Jun 25 16,000 11.25 180,000

Jun 30 14,000 15 210,000

Jun 30 30,000 13 390,000

Jun 31 -10,000 13 -130,000

Jun 31 20,000 13 260,000

COGS 150+270+130 550

TGAS 810
EI -260
COGS 550

28 B Cost 410
NRV -380
Loss 30

29 B Beauty Desire

Cost 24 18.8

NRV 29.2 16.4

Lower 24 16.4 40.4

16
30 C

Cost 240 240

NRV 200 216

Allow 40 24

Loss on Inv WD 40

Allow 40

Allow 16
Recovery 16

31 B 200

-110

90

-86

32 A 4500

(3540/1.25) -2832

1668

-50

1618

33

17
18
1 B Expenses
2020 300 0.5

2021 300 0.5

Total 600

Cash 500

Def. Inc (DI) 500

Expenses 300
Cash 300

DI 250 (50%*500)
Inc. fr GG 250

50 Decrease (300-250)

2 A Land 10

DI 10

DI 10

Cash 10

C Land 10000
DI 10000
DI 10
Cash 10

3 B Deferred Income Approach Deduction fr Asset

D Receipt Cash 1800 Cash 1800

DI 1800 Build 1800

Purchasse Build 5000 Build 5000

Cash 5000 Cash 5000

Depreciation DE 250 DE 160

AD 250 AD 160

Realization DI 90 NE

Inc fr GG 90

4 A Face V 2000 2000

PV -1520.874 -1602.544
DI fr GG 479.126 397.456 81.6700000000001

5 D Price Change Physical Change

D 25 75

1.5 4.5

19
 1 4

35

27.5 118.5

7 B
Price 300 500
Est. TC -3 -5

Price 297 495

Est. CTS -6 -10

FVCTS 291 485 194

C Price 300 500

Est. CTS -6 -10

FVCTS 294 490 196

8 A Cost 20000
D Dep -2000
Imp

CV 18000

Plant AP Total

FV 21000 5000 26000

CTS -500 -100 -600

FVCTS 20500 4900 25400

CV 18000

RA 20500

IL 0

9 D 2017 2018 2019 2020 2021 Total

DL 350 140 70 70 70 700
Seedlings 60 60
F and C 20 20 40
Depre 80 80 80 80 80 400
Total 510 240 150 150 150 1200

Plant AP Total

B FV 2600 400 3000

CTS -100 -20 -120

FVCTS 2500 380 2880

20
1 A FV 2750
C CV -2500

UG 250

FV 2750

CV -2600

UG 150

2 B Cost 9500 *BE: FVOCI?

A UG/IL -300
FV 9200

FV 10000
Cost -9500
UG 500

4 A 100

50

600

750

5 A B is no
determinable
quoted price

6 A

C SP 1200 FV, 2020 950

CV -950 CV, 2020 -1000
Gain, p/l 250 UL - SHE 2020 -50

250

-50

200

1200

-1000

UG, 7/1/21 200 (200*100%)

3 D FVPL 350

D Exp 100

21
Div Rec 50

Cash 500

Cash 50
Div Rec 50

22
1 D 4500

800

100

-600

4800

2 B 600 600 150

B -557.5 -500 -3.75

C 42.5 100 -5

-12.5 141.25

-40

600 -5

141.25 42.5

25

-80

686.25

3 C

*500 forex gain

4 D Sales Price (Sale in 1725 Investment in Assoc

Proceeds)

C CV Inv deemed -1912.5 4500 1200

sold

Diluted gain/(loss) -187.5 1600

Recycled SOCI 75 200

Diluted Gain -112.5 187.5

4912.5

23
5 B 3750 Investment in Assoc
7500 11250 90

11250 1500

12660

6 B B4 Sold Reclassified

D 2400 960 1440

280 -2210 -884 -1326

190 76 114
Recycling SOCI-g(l) 0

190 76 114

Investment in Assoc
2000 90

300

2210

Reclassified to FVPL FVOCI 1620

G/L on Sale 76 76 -1440
G/L on Reclass 114 114 180
Div Inc 90 90 280
Unrealized G/L due 180 180
to FV

460

24
1 D FVPL FVOCI

C 4838.014 4838.014

B -4620.921 -4838.014

217.093 0

2 A 2M*9%*(8/12) 120

B FV 1940

B CV -1800

Unrealized G/L 140

3 D
B

A AC 6151.878 FVOCI at AC 6151.878

FV -6229.862 FVA FVOCI 77.984
Gain OCI -77.984 IAC 6151.878

Gain - OCI 77.984

Int Inc (2020) 6,151,878 * 9% 553.669

C 6151.878 FVFVOCI 77.984

-6229.862 UG 77.984

UG - Equity -77.984

6151.878

77.984
FVOCI 6229.862
A 6151.878 UG 77.984

-6229.862 FVA FVOCI 77.984

UG - Equity -77.984 IAC 6151.878
FVOCI at AC 6151.878

6151.878

FVOCI 6151.878

25
1 A

2 C

D
3 B Cost FV

A 3000 3000

-500 -2000

IL -1500

4 C

5 B

6 C CV, with IL 4400

CV, w/o IL 6400
Max Recovery of IL 2000

7 B

8 A

9 C Answer in HO

26