Table 1

3 P5, 2

1
1 1 D

2 B

3 B

4 D

5 C

6 B

7 B

8 D

2 Contributed Capital

Paid-in Capital

O Shares 20,000*50 1000

P Shares 8,000*100 800
O Shares Subcribed 5,000*50 250
P Shares Subscribed 2,000*100 200 2250
Add. Paid-in Cap

SP O Shares 600
SP P Shares 240

SP TS 24

APIC - Bond Conversion 15

OS Options Outstanding 15

OS Warrants Outstanding 5

1 Don. Cap 220 1119

Subscriptions Receiveble -48

2 Total Contributed Capital 3321

Accumulated Profits

AP - TS 120
AP - PE 100
AP - DR 100
AP - Unappropriated 450 770
Accumulated OCI

UHG-FA at FMV 113

RS 450

Rem. Loss -95

FOREX -100

Hedging 315 683

Total 4774

TS -120

3 SHE 4654

3 Correcting Entries

Land 1600
Building 2400
OS 2500
SP OS 1500

2
 Cash

PS

SP - PS

Adjusted Beg Balance

OS 50k*50 2500
SP 20k*100 2000
SP OS 1500
SP PS 1400
AP 2986

10386

a TS 900

Cash 900

b Cash 3350

Int Exp 50 2M*10%*(3/12)

BP 2100 2M*105%

OS 1000

SP OS 200

Total Proceeds 3350

Accrued I -50
BP -2100
Residual 1200

c Cash 240

TS 180

SP TS 60

d Professional Fees 245

SP TS 25

TS 270

e OS 100
SP OS 60
SP TS 20
TS 180

FV L and B 4000

# Shares Issued 50

Issued Orig Issue P 80

f PS 500

SP PS 350

3
 OS 750

SP OS 100

g Income Summary 2230

RE 2230

Ordinary Shares SP OS

OS Adj. Beg Bal 2500 1500

b Bonds 1000 200
e TS -100 -60
f Conversion 750 100

1 Adjusted 4150 1740

3 1 3

PS SP PS

PS Beg Bal 2000 1400

f Conversion -500 -350

2 Adjusted Bale 1500 1050

4 2 4

5 SP TS

c TS gain 60
d TS loss -25
e TS retired -20

5 Adjusted 15

Paid In Cap

OS 4150

PS 1500 5650

Add. Paid in Cap

SP OS 1740

SP PS 1050

6 SP TS 15 2805 6

7 Total Contributed Capital 8455 7

RE 2987+2230-270 4947
RE - Appropriated 270 5217
TS -270

8 13402

4 1 Land 5500 100k*55

OS 5000 100k*50

SP OS 500

2 Cash 6000 200k*30

PS 4000 200k*20

SP PS 2000

4
 OS 5000

SP 4000

SP OS 500

SP PS 2000
AP 2980
Total Beg SHE 9480

a Cash 875 50k * 70 * 25%

Subs Rec 2625 50k * 70 * 75%
OS Subscr 2500

SP - OS 1000

b Cash 1575 20k * 70 * 75%

SR 1575

OS Subscr 1500 30k * 50

OS 1500

c Cash 1201.5
OS Subscr 1050 20k*70*75%
Advances 120
Int Inc 31.5 1050*12%*(3/12)
OS Subscr 1000
OS 1000

d Cash 840

PS 400

SP - PS 314 PS (680/800)

OSWO 126 OSWO (120/800)

e Cash 1650

OSWO 75.6 126*60%

OS 1500 30k*50
SP - OS 225.6

f LP 800
Int Pay 80
OS 500
SP 280

Gain 100

g Inc Summ 1390

RE 1390

5
 Summary OS SP-OS

Beg 5000 500

a 1000

b 1500
c 1000
e 1500 225.6
f 500 280

1 Adj. 9500 2005.6

3 1 3

PS SP-PS

2 Beg 4000 2000

4 d 400 314

Adj. 4400 2314

2 4

5 SP-OS 2005.6

6 SP-PS 2314

5 OSWO 126-75.6 50.4

6 Total SP 4370
Paid in Cap

OS 9500
PS 4400 13900

7 7 Total CC 18270
RE-Unapprop 4370

8 8 Total SHE 22640

5 FMV Multiplied by Cumulative Salaries Prior Year Salaries Exp

1 2020 480 0.25 120 0 120

2 2021 432 0.5 216 120 96

3 2022 427.2 0.75 320.4 216 104.4

4 2023 436.8 1 436.8 320.4 116.4

Salaries Exp 120

OSOO 120
Salaries Exp 96
OSOO 96
Salaries Exp 104

OSOO 104

Salaries Exp 116.4

OSOO 116.4

5 Cash 400.4 (18.2*80%)/4*110

OSOO 394.44 (436.8*80%)

6
 OS 364.44

5 SP 385.84

6 FMV Multiplied by Cumulative Salaries Prior Year Salaries Exp

1 2020 345 0.333333333333333 115 0 115

2 2021 330 0.666666666666667 220 115 105

3 2022 337.5 1 337.5 220 117.5

Salaries Exp 115

OSOO 115
Salaries Exp 105
OSOO 105

Salaries Exp 117.5

OSOO 117.5

If Actual Share Price is 70 Revert back to equity (not

excercise)

OS 337.5

RE/APIC 337.5

4 117.5

5 2021 330 1 330 115 215

Salaries Exp 215

OSOO 215

7 1 2021 153 0.5 76.5 76.5

Salaries Exp 76.5

OSOO 76.5

2021 153 0.5 76.5 76.5

2 90M * 125% 112.5 Achievable

2022 162 0.666666666666667 108 76.5 31.5

3 2023 144 1 144 108 36

4 Cash 920

OSOO 144

OS 800

SP 264

7
 120

8 1 2020 1500 0.333333333333333 500 0 500

Sal Exp 500

SAR Payable 500

2 2021 1350 0.666666666666667 900 500 400

Sal Exp 400

SAR Payable 400

3 2021 2040 1 2040 900 1140

Sal Exp 1140

SAR Payable 1140

4 SAR Payab;e 1224

Sal Exp 144
Cash 1368 (36*38)

Est. FMV 768

CV Remaining SAR -816
Decrease in SAR Payable -48

SAR Payables 48

SAR Exp/Inc. fr Reversal 48

9 FMV 1200

Liability -975

Equity (Residual) 225

Liability Component

1 2021 1020 0.5 510 0 510

Equity

2 (225/2) 112.5

3 Liab 510

Equi 112.5

Total Sal Exp 622.5

1 Liability Component

8
 2021 1080 1 1080 510 570

Equity
2 (225/2) 112.5

Liab 570
Equi 112.5

3 Total Sal Exp 682.5

4 SAR Pay 1080

Sal Exp 45
Cash 1125

OSOO 225

APIC 225

5 Adjust SAR Pay first

Sal Exp 45

SAR Pay 45

SAR Payable 1125

OSOO 225
OS 1000
SP 350

10 a TS 120

Cash 120

1 b RE 40

Share dividend payable 40

Share dividend payable 40

OS 40

c Subscribed Rec 80
PS Subs 50
SP 30

d RE 260 OS PS

Share Div - OS 120 25 60

Share Div - PS 140 -5 10

Bal 24 70

e Ordinary
25

9
 4 Shares issued
29 2 58 (P5 par)

3 NE total SHE

f Equip 25
SP 15
RE 8
TS 48 4*12

4 g RE 39 52*10%*7.5
Share Div 26 5.2*5

SP- OS 13

h Cash 80

Subs Rec 80

PS Subs 50

PS 50

5 I RE 283 OS PS

Cash Div Pay OS 143 48 70

Cash Div Pay PS 140 4

5.2
j IS 940 57.2 70
RE 940

RE 72

RE Approp 72

RE, beg 1200

b -40

d -260

f -8
g -39
I -283
j 940
Total RE 1510
Approp -72
Unapprop 1438

11 1 RE 135

Share Div Payable 135

2 Share Div Payable 135

10
 OS 100

Frac Share Waarants 35

(APIC)

3 Frac Share Warrants 21

OS 21

4 Frac Share Warrants 14

APIC - expired 14

12 1 RE 1400
Prop Div Payable 1400

3 NCAHFS 1260

2 Loss 240

Build 1500

Prop Div Pay 200

RE 200

Cumulative Loss 420 (1080-1500)

RE 100
Prop Div Pay 100

Prop 1300
NCAHFS 1080

Gain 220

4 Gain 220 1300-1080

RE 100

Prop Div Pay 100

Increase in liab 100 (1300-1200)

Prop Div Payable 1300

FA at FVPL 1300

5 Gain on settlement of liab 100 1300-1200

Prop Div Pay 200

RE 200

Decrease in liab 200 1400-1200

11
 Loss on Inv WD 420 (1080-1500)

Inv 420

RE 100
Prop Div Pay 100

Prop Div Pay 1300

Inv 1080

6 Gain 220

13 C1 RE 1100

Accum Dep 400

GW 500

Inv 125

Acc. Exp 75

OS 2500

SP 2500

SP 2700
RE 2700

1 5000

-400

-500

-125

3975

1100

75

-1175

3 2800

2500

2 300

3 2800

C2 Replacement Cost 9000

Condition 70% (3.5/5)
Depreciated RC/FMV 6300

PPE - Appraisal Increase 4000

Accum. Dep 1200

Rev Surplus 2800

12
 Replacement Cost 9000 5000

AD -2700 -1500

FMV 6300 3500

RE 1100
GW 500
Inv 400
AP 200

Rev Surplus 2700

RE 2700

1 Total Asset 6900 5+2.8-.5-.4

Total Liab -1300 1.1+.2

3 SHE 5600 5M+.5+.1

2 100 (5600-5000-500)

13
P1 Profit RE WC TA TL
2018 2019 2017 2019 2017 2019 2018 2019 2018 2019

CBE
2017 120 -120 -120 72

2018 -37 37 -37 -47

2019 67 67 118 51

NCBE

2018 -12 -12 -12

2019 -16 -16 -16

AJEs 71 88 -120 39 -120 -37 72 90 -47 51
Unadj 500 900
Adj Bal 380 863

A + Asset NI, RE, WA A-B-C+D

B - Asset TA A-B

C + Liab TL C-D

D - Liab

P2 Net Adj 2018 2019

2017 60

2018 -80 80

2019 -90
Profit. Book under WA 285 320
Profit, FIFO 265 310

AJE

RE, beg 90

MI, beg 90

P3 Cost 1800

AD -540 (1800*90%)/6*2yrs

CA under SL 1260

SV -90

DA 1170

SYD 0.333333333333333 (5/15)

Annual Depr. 390

CA 870 (1260-390)
Formula sa Video

Cost 1800 Cost 1800

AD -849 (1800*90%)*(11/21) AD -849

CA under SL 951 CA under SL 951

SV SV

DA 951 DA 951

SYD 0.4 (2/5) SYD 0.4

Annual Depr. 380.4 Annual Depr. 380

CA 570.6 (951-380.4) CA 571

P4 2016 2017 2018 2019

A a. Ommision of

MI, end 4 7
AE 3 5
Loss on sale of DI 10

B Total Amount: 50k Correct Balances Per Client AJE

2016 Expense/(Profit) 50 5 -45

RE -50 -5 -45

CA of PPE 45 -45

2017 Expense/(Profit) 5 5

RE -50 -10 -40

CA of PPE 40 -40

2018 Expense/(Profit) 5 5

RE -50 -15 -35

CA of PPE 35 -35

2019 Expense/(Profit) 5 5
RE -50 -20 -30
CA of PPE 30 -30

C Total Amount: 30k Correct Balances Per client AJE

2017 Expense/(Profit) 10 30 20

RE -10 -30 20

CA of PPE 20 0 20

14
 2018 Expense/(Profit) -10 0 -10
RE -20 -30 10
CA of PPE 10 0 10

2019 Expense/(Profit) -10 0 -10

RE -30 -30 0
CA of PPE 0 0 0

Partial Solution RE, 2017

CBE sign 2016 and Prior 2017 2018 2019

2016 4 -4

2017 -3 3

2018 7 -7

2019 -5

Loss on Sale, 2018 -10

Minor Repairs -45 5 5 5

Prepaid Exp 20 -10 -10
Unadj. RE 2017 500 200 -80 150
Adj. Bal 459 218 -85 133

2017 Beg RE 459

NI 218
Div -70

RE, end 607

NL -85

Div -90

RE, end 432

NI 133

RE, end 565

5 a Cash Paid 420 b Cash Paid 770

P B 56 P B 102
A E 122 A E 25
P E -90 P E -76
A B -133 A B -44
Accrual Basis 375 Accrual Basis 777

6 Cash Received 1800

Advances, beg 80

Trade Rec., end 450

Advances, end -60

Trade Rec, beg -190

Recoveries -4

Sales Disc. 20

S R and A 35
WO 22
GS on Account under Accrual 2153
SD -20
S R and A -35
S R and A -18
Net Sales, Accrual 2080

7 Cash Received 700

Advances, beg 57

Trade Rec., end 105

Advances, end -19

Trade Rec, beg -92

Purch. DIsc 39

P R and A 54
Gross Purchases 844
PD -39
P R and A, account -54
P R and A, cash -16
NP, accrual 735
MI, beg 186

MI, end -125

COGS 796

8 a Cash Received fr Customers 460

AR, gross 56

G or NS 516

b Cash paid to Suppliers 230

AP, end 70
Gross or Purchases 300

15
 MI, end -24
CGS 276

c Int Exp 2.4

Dep 9
DA 8
SE 93

RE 10

ME 11

Total Exps 133.4

d Cash 169

AR, net 48

MI 24

PR 20
Total CA 261

e Equip 90
Dep -9
Total NCA 81

f IP 2.4

NP, bank 60

AP 70

SP 13

Total CL 145.4

9 Total Deposit, bank 12600

SHE -1800

Loan -1600
NCA 0
Total Cash Received, Deposited 9200
Cash Received, Hand 450
Cash Received, Direct 1980
Total Cash Received 11630
AR, end 3240

Advancees -135

NS, Accrual 14735 14735

Total Discbursments 11700

Div 0

Liab -480

NCA -1602

Payment to Suppliers Encahsed 9618

Outs. Checks 180
Total Payments 9798
AP, end 1260
MI, end -2718
CGS 8340 -8340

Dep 1080

Int Exp 80

Utilities 1440

DA 180

Int Exp 162

Dep 144

Total Exps 3086 -3086

Profit 3309

16
 1 D *D should be routinely

2 C

3 C

4 D

5 B

6 B

7 C

8 D

9 C

10 C

11 C

12 D

13 A

14 D

15 C

16 D

17 D

P4 AP Inv

Unadj. 32,000 27,000

22102 310

22103 -180

22104 -550 -550

22015 690

22106 420

22107 -750

22108 290 Br

22110 -350

22112 460 460

22113 770

22116 595 595

22117 610 610

22109 920

Adj. 33,525 29,825

P5 GL SL *Correction, Unadj. 6.2

AE

Balance 2250 2450 4.6

-240 5.2

-300 23.8

150 3.9

2 220 Adj. Bal 43.7

340

-30

80

1 Adjusted 2460 2460

P2 Current Noncurrent

62 70.5

55 500 (Fr. 2022-2026)

785.6 120

220 200

125.5

42.9

17
 25.4

56.7

90.5

45

93.4

32.5

40

15

150

1839.5 890.5

P3 1 B

2 C

3 D

4 B

5 B

6 D

7 B

8 C

P6 Estm Req. Expense 240

Actual Payments -98
Accrued Exp./Liab 142

Accrued Exp./Liab 142

Est. Exp 336

Actual Payments -225

Accrued Exp./Liab 253

Estm Req. Expense 240

Actual Payments -98

Accrued Exp./Liab 142

Accrued Exp./Liab 142

Est. Exp 336
Actual Payments -225
Accrued Exp./Liab 253
Portion not Probable -30
Adjusted 223

Estm Req. Expense 336

Portion not Probable -30

Required Exp 306

Accrued Exp./Liab 142

Est. Exp 336

Actual Payments -225

Accrued Exp./Liab 253

Answers

1 240 142

2 336 253

3 306 223

18
 4 336 253

P7 Est. Exps 3780

Actual Payments -2520

Accrued Exp./Liab 1260

Accrued Exp./Liab 1260

Est. Exp 4860
Actual Payments -4140
Accrued Exp./Liab 1980

Series A Series B

Est. Req Expense 825 990

Actual Payments -702.6 -992.4

Accrued Exp 122.4 -2.39999999999998

4 No longer prob Still probable

Est. Req Exp 1815

Bal -122.4

Excess Actual Cost 2.4

Req Expense 1695

1 3780 and 1260

2 4860 and 1980

3 1695

4 0

P8 50 empt = 30 days = 1,500 days = per year

2019 bal 1518.75/2025 =

750 per day

2020 bal 2025 + 1,500 days

= -1650 days =
1,875 fays

1875

525-480 -45

1830

100%

1830
(750*120%) 900

1 1647000

Sal Exp 128.25 (1647-1518.75)

Sal Pay 128.25

19
 Sal Pay 8.39 (890.977-809.367)
Sal Exp 8.39
IT Exp 3432.758 (12243.503-800.97
7)*30%

ITP 3432.758

P9 1 137.174

2 1851.852

Eff. Int. Bal

_Jan 2 1714.678

_Dec 2020 137.174 1851.852

_Dec 2021 148.148 2000
NC

Note A

Int. Exp 137.174

NP 137.174

Note B
2 Purch/Inv 1500

NP 1500

1 Int Exp 112.5

Int Pay 112.5

Note C

Equip 3545.951
NP 3545.951

1 Int Exp 177.298

NP 822.702
Cash 1000

Current 1770867 (863.838+907.029)

Noncurrent 952381

Summary Int Exp CV ST LT

Note A 137.174 1851.852 1851.852

B 112.5 1500 1500

C 177.298 2723.248 1770.867 952.381

Total Int Exp 426.972 3270.867 2804.233

1 2 2

F10 P 1492.231
I 609.083

1 PV 2101.314

20
 I exp 9/1/2020 105.076

I exp 12/31/20 69.553

2 Total Int Exp 174.629

Amo cost 9/1/2020 2086.59

Amo cost 12/31/20 -10.447

3 BP 2076.143

BP 2065.434
Int Pay 40
Cash 2100

4 Gain on Retirement 5.434

P11 Cash 4200

BP 3807.853

1 APIC 392.147 (Residual)

P 2847.121

I 960.732

PV 3807.853

Amort 56.942

2 CV 3864.795 3188.776+676.020 Alt. Solution

BP 3928.571

APIC 392.147

OS 3000

3 SP 1320.718

BP 3928.571
APIC 392.147
Cash 3920

4 Gain on Retirement 88.571

APIC 312.147

Residual

BP 3840 3928.571 88.5709999999999 Gain P/L

Residual 80 392.147 312.147 APIC

P12 P 620.921

I 454.894

PV 1075.815

Cash 1220
BP 1075.816

1 OSWO 144.184

21
2

Cash 220
OSWO 115.347 (144.184*80%)
OS 200

4 SP 135.347

22