ACCOUNTING 405 (ACCOUNTING 405)

CHAPTER 12 INVESTMENTS IN ASSOCIATES 1 CHAPTER 12: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES) 1 CHAPTER 12: THEORY OF ACCOUNTS REVIEWER 6 CHAPTER 12 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS 23 CHAPTER 13 AGRICULTURE 24 CHAPTER 13: MULTIPLE CHOICE – COMPUTATIONAL (FOR CLASSROOM INSTRUCTION PURPOSES) 24 CHAPTER 13: THEORY OF ACCOUNTS REVIEWER 28 CHAPTER 13 - SUGGESTED ANSWERS TO REVIEW THEORY QUESTIONS 34 CHAPTER 14 PROPERTY, PLANT AND EQUIPMENT...

CHAPTER 12 INVESTMENTS IN ASSOCIATES 1 CHAPTER 12: MULTIPLE CHOICE – COMPUTATIONAL (SET B) – (FOR CLASSROOM INSTRUCTION PURPOSES) 1 CHAPTER 12: THEORY OF ACCOUNTS REVIEWER 6 CHAPTER 12 - SUGGESTED ANSWERS TO THEORY OF ACCOUNTS QUESTIONS 23 CHAPTER 13 AGRICULTURE 24 CHAPTER 13: MULTIPLE CHOICE – COMPUTATIONAL (FOR CLASSROOM INSTRUCTION PURPOSES) 24 CHAPTER 13: THEORY OF ACCOUNTS REVIEWER 28 CHAPTER 13 - SUGGESTED ANSWERS TO REVIEW THEORY QUESTIONS 34 CHAPTER 14 PROPERTY, PLANT...

ACCOUNTING 405: TEST BANK_IFA PART 1B Chapter 14: Multiple choice – Computational (SET B) – (For classroom instruction purposes) Acquisition on cash basis 1. LOQUACIOUS TALKATIVE Co. acquired a factory equipment overseas on cash basis for 400,000. Additional costs incurred include the following: ₱ commissions paid to brokers for the purchase of the equipment, 20,000; ₱ import duties of 100,000; non-refundable purchase taxes of 40,000; freight ₱ ₱ cost of transferring the equipment t...