Final exam

Accounting 18
Gene Justine A. Sacdalan

Multiple choices (theory)

1.C 6.B 11.D 16.D 21.A 26.C 31.B 36.D

2.C 7.C 12.D 17.B 22.B 27.B 32.D 37.D
3.C 8.C 13.D 18.B 23.C 28.C 33.B 38.A
4.C 9.C 14.C 19.D 24.C 29.D 34.D 39.D
5.A 10.D 15.B 20.D 25.A 30.D 35.D 40.D

Problems:

1.A.
(6.145x1,000,000)=6,145,000

2.A.
(6,145,000-1000000)=5145000

3.A.
1000000/12yrs=13333.33
200,000-13,333=186667 x 1.008
13333x1.008=834500

4.C
3755000

5.D.
3755000/5yrs=751000

6.A.
1300000x4.04=5512000
1000000x0.650=650000
5512000-650000=4862000

7.D
400000x.10=40000
2700000x.10=270000
23000-40000=17,000

8.B
270000-40000=230000

9.A
500000x3.79=1895000
10.
500000/5yrs=100,000

11.C
600000x3.99=2394000

12.B
2394000+430000=2839595

13.A.
=405656

14.A
2000000-500000=1500000

15.B
1000000

16.B
7000000/5yrs=1400000

17.B
1400000/2+100000=800000

18.B
3520000-2800000=120000
120000+600000=720000

19.B
2800000/.10=280000/8yrs=146000

20.C
6000000

21.A
6000000+1725000+275000=8750000

22.D
6000000-275000=5725000

23.C
6000000x.15=900000

24.C
5200000-2800000x.30=720000asset
25.A
5300000x.30=1590000
200000x.30=60000
6000000x.30=1800000
1590000+60000-1800000=150000

26.D
75,000 noncurrent deferred tax liability

27.B
75000-25000=50000

28.B
P8,750,000 + P700,000 + P950,000 – P600,000 = P9,800,000

29.B
P3,500,000 + P370,000 + P280,000 – P250,000 = P3,900,00
Squeezed computation

30.D
150000+350000=400000