Final 2 hours - chapter 17,18,21

chapter 17
Adjusting entries on changing of investment value ( focus on previous adjustment)
( compare begging balance with the ending balance)
Held for collection HFC
HFCS
Trading
Amortization schedual
Significant OR non significant influence 20% duoi 20% : significant

EX 17.3 17.4 17.6 17.11 17.13 17.14 17.15 ( xem 17.18 17.19
P 17.1 P17.2

Chapter 18
Percentage of completion Loss during the year
Cost recovery Loos on the ENTRIES PROJECT
EX 18.33 18.36
P18.9 18.1 18.11
Chapter 21
su khac nhau giua capital ( financial lease ) va operating Lease LESSOR VÀ LESSEE
Ordinary annuity versus Annuity Due
Calculation an Annual Lease payment
Ex 21.11( co 4 truong hop)
OPERATING LEASE: CHỈ LÀ NGƯỜI ĐI THUÊ
CAPITIAL LEASE (FINANCIAL LEASE) : SAU KHI THUÊ XONG THÌ THỨ ĐI THUÊ SẼ TRỞ THÀNH T
 Lis thuyeets : swj khacs bietj giwax HFC, HFCS
Significant va non sinificant

fair value methed những chỗ hay nhầm là significant và nonsignificant xem lại bài E17.15
equity method adjusting nhưng qua 2 periods : dựa vào adjusting của năm ngoái E17.11, P17.6

taij sao lai dung percentage of completion vaf cost recovery

ĐI THUÊ SẼ TRỞ THÀNH TÀI SẢN CỦA NGƯỜI ĐI THUÊ

m lại bài E17.15
năm ngoái E17.11, P17.6
Q1
a, the 2019 adjusting entry
Cost Fair value
150000 190000
250000 235000
Total portflolio

Fair value adjustment - income

Unrealized holding gain or loss - trading
b, the sale of HPG corp stock
Cash 198000
Gain on sale of investment
Debt investment - trading
c, the purchase of the GAS's stock
Debts investment - trading
Cash
d, the 2020 adjusting entry
cost Fair value
250000 275000
227500 230000
total of portfolio of 2020

Unrealized holding gain or loss

25000
2500
27500

Fair value adjustment - income

Unrealized holding gain or loss - trading
e,
Fair value adjusted - equity
Unrealized holding gain or loss- HFCS
f,
equity investment - trading
investment income

Cash
Equity investment - trading
 Q2
a Cost
Unrealized gain or loss residual value
40000 pv off residual
-15000 PV
25000 Ordinary annuity
Annual payment
25000
oss - trading 25000 year
1/1/2020
31/12/2020
48000 31/12/2021
150000 31/12/2022
31/12/2023
227500 31/12/2024
227500
b
Unrealied gain or loss 1/1/2020
25000
2500 31/12/2020
27500

2019
31/12/2021
2020

2500
oss - trading 2500

2500
2500

12500
12500

5000
5000
 100000
10000
0.62092 6209
93791
3.79079
24742
10%
cash payment interest liabilities Residuation of liability Lease Liabilities
93791
24742 9379 15363 78428
24742 7843 16899 61529
24742 6153 18589 42940
24742 4294 20448 22493
24742 2249 22492 0

Lease equipment 93791

Lease liabilities 93791
Interest liabilities 9379
Lease liabilities 15363
Cash 24742
Depreciation expense 18758
Accumulate depreciation 18758
Interest liabilities 7843
Lease liabilities 16899
Cash 24742

Depreciation expense 18758

Accumulate depreciation 18758
 Q3 2020
a, Constract price 8400000
Cost
cost to date 2880000
estimate cost to complete 3520000 6400000
Estimate profit 2000000
percentage complete 0.45
Profit recognization 900000
less: previous estimate profit 0
Net income 900000
b,
Jan 1,2020 Construction on process 8400000
material 8400000
31/12/2020 A/R 3520000
Billings during the year 3520000
Cash 2500000
A/R 2500000

Construction on process 900000

Contruction expense 2190000
Revenue L-T from contract 3090000
 2021 2022
8400000 8400000

5110000 7300000
2190000 7300000 0 7300000
1100000 1100000
0.7 1
770000 1100000
900000 770000
-130000 330000