BAIACC1X – INTERMEDIATE ACCOUNTING 1 M.

Manayao, CPA, MBA

Quiz 02

Name: Canuzo, Angeli B. Score: ______________________

C/Y/S: ___BSA – ACT301__________________________________________ Date: __MAY 23, 2023___

Answer Sheet

Problem A Problem B

Case 1 Case 1 Case 2 Case 3

1 113,250 1 Amortized Cost 1 Fair Value through 1 Fair Value

Other through Profit
Comprehensive or Loss
Income
2 1,058,250 2 92,364 2 92,364 2 79,781

3 935,351 3 990, 000 3 990,000

Case 2 4 0 4 0 4 67,232

1 120,000 5 93,874 5 54,649 5 80,000

2 1,055,000 6 949,225 6 93,874 6 1,020,000

7 0 7 1,020,000 7 30,000

8 25,801 8 16,126 8 (40,000)

9 70,775
10 (44,974)
SM Baliwag Complex, Dona Remedios Trinidad Highway, Brgy. Pagala, Baliwag, Bulacan
(+63) 927-533-0342 – (+63) 923-949-5265 admissions-nubaliwag@nu.edu.ph