In this case, an offset of the receivable against the capital credit is reasonable, provided the receivable is not interest-bearing, Amp has a sufficient capital credit,

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

(2) To allocate difference... (2) To

24,400 To record payment of priority liabilities. Accounts

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

A possible loss on the unsold assets (P520,000) is distributed to partners in their profit and loss ratio of 30:50:20 to Jenny, Kenny and

The other comprehensive income is then accumulated and reported in the stockholders’ equity section of the consolidated balance sheet as presented below:.. Net assets

[r]

Cash in bank .. Assets recorded at market value with two equal capital balances.. greater than 15% of the profits from the period].. Extra 10% payment is deducted from the

Minority Interest in Net Assets of Subsidiary (MINAS). Sto ckholders’

Papa’s retained earnings of P120,000 will

[r]

(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 –

Under PFRS 3 (Business combination), the allocation of the negative difference to the non-current assets, excluding long-term investments in marketable securities is no

(2) Reconciliation of Home Office and Investment in

No revenue is to be reported. Because the franchisor fails to render substantial services to the franchisee as of December 31, 2008.. The down payment of P600,000 is recognized

200 To correct capital accounts for error in loss allocation computed as follows:. Alvin Benny

1,200 Accumulated Depreciation – Furniture and Fixtures ..... To have a goodwill, the only possible base is the capital