s?

:qLx i5) ,11\

I qur
14. The amoura or
a. 3,750
b. 15,000
sallr to=gl_::te on J_9[r;!_5,
c. 75,000-2-o19. ''Lqk xr6k)(lry1 )
d. 90,625
o& .tY;:5t-
i.5. The amount of unreglllgg|ggin/loss that should be reported in the statemenlof Snancial Positon onpecember
--!

j-1.
i:'i!,l!:-ua i^c;34 e 2-q,9q9 -, {|t
,-. r4*o
Tui 7;;[rer)
-lr ,u. ?;.'"t*11..,r" barance or unrearized r.l;fl;33tn"t *o,,u'b"1.;f#iJ:1.."
*'*T-f',{- ..r,r,*ifrdEr'tio,, to u,.
o;0(
\\l-'.\
fl qhalg:. , : r n. , .
sate of 15,ooo
n^t',tph51;'l c' 75,000
)v
ip t1't
,?,U* 6-'4o-r:"'w
"
b. iz,soo il' "-
""-a),191 ,:ft,5\, d. noneof thechoice, (t' JIX if6,"+m;
fi'su
\' iin laqggqr-L-.?912 Orange Corp. acquireOQglrgA-Enares representin(1!!pinterest of Kahel's ordinary shares for P4,500,000.
repo.t"E-Zl.tng ZOLT a total net'incomilf-p+,O0o,O0o and unrealizdE-gain from its investment at FVOCI of P500;000. Kahel
i,-,h6i--i
;,..,, :i:::l.ibuted total dividends at year end of P3,000,00Q. Qn Jangryy.1, 2018, Kahel issuedi300,00q shares at P 23 per share which
(iranceCoro.didnotourchaseanvof theseshares. ' Sll lii-(C ,)f ', y't, Au< 'ql.';il , t 'L,toY-'ar-i, -.;1.
,:T#;;ffi
5\"vrVtq',

;*,.[l;T:;ff ; 11'^50i;Er_ i Gzso, ro" d. -' ---P--,'-n{i5[],rXf,bq

; ,osoo:i" **'ii.:g'g13i;,i$':Y;;{,#A,t**;;',iot!k
,,,i,j#i:hlr.irpil_i;tl rrz,so,

:"
ross-
ffifi- l*:iE""'":"-irr;ffi;ffi:'T.1#;ffiAin'.lii#60 ,w rtoi,J,Y
mH:i
iltffi,I"t*'ro$t=*r,
[ll1: i'' ,t
straw company acquired 18og equivatent to 2o,ooolhares of Berry
:: i,,,,r,: '"
co^ruffi''r3;r;,*D^,..;#;&e[115t
'\wr"'assEtS-mAl6;rying vatues of P-l2,OOO,OOOrTiacquisition stilfCFulfed_to havilg a significant influeM€eEfse of the material
transactions-bElfrEbh-Straw and-Berry. Fx-ept for land whose fair value i6 P500,000-Iig-Fer than its bootrvalue, anrequipqgnt ( with
3 yej!-rsyemaining life from the date of acquisrtion) whose fair value exceet vltfE -rrying values bV_B90&OOO, andJnventorigg with a
', .[-o5[vatue
of f4"500,000 and fair valueof -P4,7@]PO. All other identifiable assets and liabilities show carrying va.fiGB.]aEiiai to their
fair values.

On December 3L,2Ot7,zA*-d the inventories remainedJ-rnsold-ancl B,ejryrepa{ted a foreign translation gain ot r2qg@andlet
ort@.'stril recerved from Berry a total divide;ds or@s+o,oool Fair value sharct%p,Fai=-no is P\WFU
L."?T:
('r'n
^IJP"
i +''L r {r'r
l3lte' ni',(
: - 4^ acquisiuon
18. Howornudr trom the --.-:-L:^- cost t[i?!:$" -^^*^.:,,
-^J isi)-*-il..l^1,^.^to
soodwill? ,An p.i,,rr airfuu.
iir[)r,__ -
b. 7o,ooo d. 34o,ooo ) L1WO- 0

19. How mudr ls the adiusbd invesilnrent incooe taken to Brotit-or-toss for the year ended 2Ol7?
a. 895,200 c. 510,200 , n,t
b. 931,200 d.531,2O0 'vu)) ),51)
20. How much is the carrying value of the invistment on December ,r, ,Orr, !- lj j,t f
\h a. 2,47O,2OO c.2,49L,2O0 \
b. 2,506,200 d.2,8gt,2}O ,'i''" .
t ,,''- r:1
I ,, . ,,:,-r-,
\ - 4c,r,f,r,r,
J_ - )"Vr*y
On lune L,2Ot4, YODA CORP. acquired-a 5-year, 10Yo, R1,000,000Jace value bonds at 92. The company paid hroKers_fees and
1gq-retundable taxes amounting to_!!19896-. Ast result,lGia-rate on the bond was-9o/r. Interests are collectible annua-IYevery
-[ay :r. TheOnbondiwere
-r6Spectively.
selling atJ?g, it99, QP as of December 31, 2014, December 31, 2015 and Decemb-ef lUl ZOLO;
September 30,2OL6, y-O;on iotO,Pa5!-0!O face vatue bonds for a totat cost ol_FiiqpgO)
Case 1: Answer the following questions assuming the company classifies the inyestment as financial assets at
amortazedcost: ;'v v ,i,rf;V,
:
l|l{Mv
fi ,t. How much is the net increase in the company's profit for the year ended December g1.t 2Ot4? ;a,\'u, t',.lfiAi

o. zc,tts o. oes
, , ar:f_ :t',g,lZl1*Tf) Jr'{r"ff
Case 2: Answer the following guestions assuming the company classifies the investment as financial asset {(.fair value
through profit or !oss.

A\ 23. How much is the total-intgr_gSt-revenue that should be recogni2ed for the year ended December 31, 2015?
\ a. 100,000 c. 54,7A1
b. 93,519 d. 93,160

O 24. How much is the carryingrvatne of investment on Decem Oer 3lr,'+VOtf? .-i15'i
a' 7B7,5OO c. 765,606 -'/ 'l I n ,'rXqA'U
ffi.ilt- -1- r t' r >'
\' b.980,000 d.735,000

Case 3l Answer the following questions assuming the cornpany classifies the investment as financial asset at fair value
throughgther-ry
25. Hox, much as the interest incanDe for vear ended 2Ot5?
C
\j a. 58,333 - - c. 5q}}f** \a1r tai , 11 xf1t-,. 7r,h5\
b. 1oo,o00 d. 93,160 , dtl -.1-
'taf i.tlal ,t I b-
lt n,J
PREWEEK-FAR ( BATCH 34 ) , )t 1rl/
h',, .

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