Test bank of Advanced Accounting by Guerrero & Peralta CHAPTER 4
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Cash flows from operating activities would include both the cash received from patient service Revenue of P300,000 and the cash received from gift shop sales of P25,000.. Cash
Memo entry in the RAOPS, RAOMO, RAOCO and RAOFE.. Memo entry in the RAOPS, RAOMO, RAOCO
has hedged its foreign currency purchase commitment with a forward contract to receive an equal number of foreign currency units... Pesos in settlement of the
(3) To eliminate intercompany gain on sale of equipment debited to Investment account and restore equipment to its original book value. Working Paper Elimination Entries –
Papa’s retained earnings of P120,000 will
(2) Reconciliation of Home Office and Investment in
Since the Company has a reorganization value of P800,000 but only P653,000 can be assigned to specific assets based on market value, the remaining P147,000 is reported as
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