WorksheetsAUDIT PROBLEM
Total questions: 5
Worksheet time: 5mins
Name
Class
Date
1.
Cost of right of use asset is?
a)
a. P224,017
b)
b. P228,345
c)
c. P275,213
d)
d, P244,868
2.
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)
A. P2,704,000
b)
B. P2,748,000
c)
C. P2,780,000
d)
D. P3,084,000
3.
Total interest income for 2018 is? use the straight line amortization method.
a)
A. P86,400
b)
B. P86,000
c)
C. P105,600
d)
D. P105,000
4.
The gain on sale of Bebe shares on July 1, 2021 is
a)
A. P6,500
b)
B. P0
c)
C. P20,000
d)
D. P18,650
5.
The impairment loss to be recognized in 2021 profit or loss is?
a)
A. P 534,644
b)
B. P560,000
c)
C. P582,865
d)
D. P0
100 %
