AUDIT PROBLEM
Authored by BENLADIN TABUNAWAY
Business
University
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cost of right of use asset is?
a. P224,017
b. P228,345
c. P275,213
d, P244,868
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Based on the information given and the result of your audit, compute for the cash and cash equivalents that will be reported on the December 31, 2021 statement of financial position.
A. P2,704,000
B. P2,748,000
C. P2,780,000
D. P3,084,000
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Total interest income for 2018 is? use the straight line amortization method.
A. P86,400
B. P86,000
C. P105,600
D. P105,000
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The gain on sale of Bebe shares on July 1, 2021 is
A. P6,500
B. P0
C. P20,000
D. P18,650
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The impairment loss to be recognized in 2021 profit or loss is?
A. P 534,644
B. P560,000
C. P582,865
D. P0
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