Ap 5902 liabilities - Study guides, Class notes & Summaries

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AP-5902 Liabilities
  • AP-5902 Liabilities

  • Other • 11 pages • 2023
  • CPA REVIEW SCHOOL OF THE PHILIPPINES M a n i l a AUDITING PROBLEMS AUDIT OF LIABILITIES PROBLEM NO. 1 In the audit of the Heats Corporation’s financial statements at December 31, 2005, the chief accountant of the said corporation provided the following information: Notes payable: Arising from purchase of goods 304,000 Arising from 5 year-bank loans, on which marketable securities valued at P600,000 have been pledged as security, P400,000 due on June 30, 2006; P100,000 due on Dec. 31...
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ap-5902-liabilities (1)
  • ap-5902-liabilities (1)

  • Exam (elaborations) • 11 pages • 2023
  • ap-5902-liabilities (1)
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