Advanced Accounting Dayag Solution Manual
k k k k
Accountancy (University of the East)
k k k k
StuDocuk is k notk sponsored k or k endorsed k by k any k collegek or k university
Downloadedk bykAkissahkDatusimbank()
, Advaknc ke kdk Ac kc kounti ngk Soluti onk M a kn u akl k A
ntoniok J. kDak yak g
Chakpte kr k1
Prokble km k I
Re kquire km e knt k1: kAssumingk tha kt kAka kndk Bkakgkrekek thakt k ekakckhk pkakrtnekrkisk tok rekckekivek ak ckakpkitaklkckrekdkitk ekqkuaklkt
ok thek a kgkrekekdk va kluekskokf k thek nekt k a kssektskeka kckhk pka krtnekrkinvekstekdk:
Tok re kc ko krd k a kdj ust me knt s: k no kth in g k to k a kd kju st k sinck ek b ko kth k o kf k thekm k ha kv ek no k sekt k o kf k b ko ko kks.
Tokc kl ose k t he k b oo k s : k n o kth in gk to k ck lo ksek sin ckek b ko kth k o kf k thekm k ha kvek n o k sekt k o kf k b ko ko kks.
Tokre kc kokrdk inve kstme knts:
Pa krtnekrship k b ko ko kks:
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … …… . 120,000
Invek k k k k k ntok k k k k ry…………………………………………………………………………. 120,000
Eqk k k uip k k k mek k k k nt……………………………………………………………………….. 240,000
A,k k k k ck k k a p k k itak k l………………………………………………………………... 480,000
Initia klkinvekstmeknt.
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … …… .. 120,000
Lak k nd………………………………………………………… ………… ……… ….. 240,000
Building k ………………………… …… … …… … … …… … …… … …… … … …… . 480,000
Mok rtgk a g k ek k k payab k le k k …………………… ………………………………. 240,000
B,k k k k ck k k apk k ita k k l……………………………………………………………….. 600,000
Initia klkinvekstmeknt.
Re kquire kme knt k2: kAssumingk thakt kAkakndk B ka kgkrekek tha kt keka kckhk pka krtnekrkisktok rekckekivek a knk ekqkua klkcka kpkita klkintekrekst.
Tok re kc ko krd k a kdj ust me knt s: k no kth in g k to k a kd kju st k sinck ek b ko kth k o kf k thekm k ha kv ek no k sekt k o kf k b ko ko kks.
Tokc kl ose k t he k b oo k s : k n o kth in gk to k ck lo ksek sin ckek b ko kth k o kf k thekm k ha kvek n o k sekt k o kf k b ko ko kks.
Tokre kc kokrdk inve kstme knts:
Pa krtnekrship k b ko ko kks:
Bonusk Approkakc kh:
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … … 120,000
Invek k k k k k ntok k k k k ry……………………………………………………………………… 120,000
Eqk k k uip k k k mek k k k nt……………………………………………………………………. 240,000
A,k k k ck k k a p k k itak k l…………………………………………………………….. 480,000
Downloadedk bykAkissahkDatusimbank()
, Cash.................................................................................................................................... 120,000
Laknd .................................................................................................................................... 240,000
Building .............................................................................................................................. 480,000
Mokrtg ka g kek p a y a b klek……………… …… …… … …… …… …… ……
240,000 k
B,kckapkitakl.……………………………………………………….…… 600,000
B,kckap kita kl.............................................................................................................................. 60,000
A,kcka p kitakl……………………………………………………………… 60,000
To kta klka kgkrekekd k cka kp kita klk(P480,000 k +k P600,000 ) ...... Pk 1,080,000
Multip kliekd k b ky: k Ca kp kita klk intekrekst k (ekq kua kl) ................. 1/ k2
Pa krtnekr’kskind kivid kua klkcka kp kita klkintekrekst ........................ Pk 540,000
Lekss: k A’ksk ck a kp kita klkintekrekst.............................................. 480,000
Bo k nusk to k k A…….……………………………………..Pk k 60,000
Re kvakluaktionk (Goodwill)k Appr okakc kh:
Cash.................................................................................................................................... 120,000
Invekntokry ........................................................................................................................... 120,000
Eqkuip kmeknt ......................................................................................................................240,000
A,kcka p kitakl…………………………………………………………….. 480,000
Cash.................................................................................................................................... 120,000
Laknd .................................................................................................................................... 240,000
Building ...............................................................................................................................480,000
Mokrtg ka g kek p a y a b klek……………… …… …… … …… …… …… ……
240,000
kB,kckap kitakl.……………………………………………………….…… 600,000
Assektsk(okrkg kokokdwillko krkin takng kibkle k asse kt) ............................................................... 120,000
A,kcka p kitakl…………………..……………………………………….. 120,000
Downloadedk bykAkissahkDatusimbank()
, To kta l k a g k rekekdk cka p kita klk(P600,000 k/k1/2)………..….
P1,200,000 k
Lekss: kTokta l kcko kntrib kutekdk cka p kita kl
(P480,000 k + k Pk600,000)............................................................ k 1,080,000
Go kokdwillkto k A……………..…………………………. Pk 120,000
Prokble km k II
Invekstekd Invekstekd Invekstekd
Agkrekekd k Fa kirkVa klueks k b ky k Jo khn k k b ky k Jekff kk b ky k Ja kne
C a ksh P100,000 -k -k - -k -k -
Eq kuip kmeknt Pk 110,000 -k -k -
Toktaklkakssekts 100,000 Pk 110,000 0
No ktek p ka kya kb klek a kssum ekd k b ky k p ka krtn ekrsh ip -k -k -k k k 30,000 -k -k -
Nektk a kssektskinvekstekd P100,000 P 80,000 P 0
1. k BonuskMe kthod 2. k Gkoodwill kMe kthodk (Re kvakluaktionk of kA sse kt)
C a ksh 100,000
C a ksh 100,000 Eq kuip kmeknt 110,000
Eq kuip kmeknt 110,000 Gko k o k d kwill 90,000
No ktek Pa kya kb kle 30,000 No ktek Pa kya kb kle 30,000
Jo khn,k C a kp kita kl 60,000 Jo khn,k C a kp kita kl 90,000
Jekff,kC a kp kita kl 60,000 Jekff,kC a kp kita kl 90,000
Ja knek,kCa kpkita kl 60,000 Ja knek,kCa kpkita kl 90,000
2.k Thek b ko knu skm ektho k d k isk u sekd k whek n k Jo kh n k a knd k Jekff k rekc ko k gkn izek t ha ktk Ja knek iskb k rin gk in gk so km ekth in g k o kf k va klu ek t
o k thekf irm ko kth ek rktha kn k a k ta kngk ib k le k a kssekt,k b kut k thek y k d ko k no ktk wa kntk to k rek cko k gk n izek a kn k inta kn gk ib k lek a kssekt .k k
To k ek q kua klizekt hekcka kp ita klk a kck cko ku nts,k P4 0,000 k isk t ra knsf ekrrekd k f ro km k Jo k hn 'sk cka kp k ita klk a kck cko ku nt k a knd k P20 ,0 0
0 k isk tra knsfekrrekd k fro km k Jekff'skck a kp kita klka kck ck o kunt.
Th ek gko ko kd k will km ektho kd k isku sek d k wh ekn kth ek p ka krt nek rsk rekcko k gk n izek thek inta kn gk ib k lek na ktu rek o kf k thek sk illsk Ja knek i
sk b k rin gk in g kto kth ek p ka krtnek rsh ip k .k H o k we kvek r,k the k cka kp k ita klk a kckcko ku ntsk a kre k ekq kua k lizekd k b ky k rek cko k gkn izin gk
a kn k inta kn gkib kle k a kssektk a knd k a k cko krrek sp ko knd kin gk inck reka ksek in k thek cka kp kita klk a kck cko kunt sk o kf k thek p ka krtnekrs.k Un leks
sk the
Downloadedk bykAkissahkDatusimbank()
k k k k
Accountancy (University of the East)
k k k k
StuDocuk is k notk sponsored k or k endorsed k by k any k collegek or k university
Downloadedk bykAkissahkDatusimbank()
, Advaknc ke kdk Ac kc kounti ngk Soluti onk M a kn u akl k A
ntoniok J. kDak yak g
Chakpte kr k1
Prokble km k I
Re kquire km e knt k1: kAssumingk tha kt kAka kndk Bkakgkrekek thakt k ekakckhk pkakrtnekrkisk tok rekckekivek ak ckakpkitaklkckrekdkitk ekqkuaklkt
ok thek a kgkrekekdk va kluekskokf k thek nekt k a kssektskeka kckhk pka krtnekrkinvekstekdk:
Tok re kc ko krd k a kdj ust me knt s: k no kth in g k to k a kd kju st k sinck ek b ko kth k o kf k thekm k ha kv ek no k sekt k o kf k b ko ko kks.
Tokc kl ose k t he k b oo k s : k n o kth in gk to k ck lo ksek sin ckek b ko kth k o kf k thekm k ha kvek n o k sekt k o kf k b ko ko kks.
Tokre kc kokrdk inve kstme knts:
Pa krtnekrship k b ko ko kks:
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … …… . 120,000
Invek k k k k k ntok k k k k ry…………………………………………………………………………. 120,000
Eqk k k uip k k k mek k k k nt……………………………………………………………………….. 240,000
A,k k k k ck k k a p k k itak k l………………………………………………………………... 480,000
Initia klkinvekstmeknt.
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … …… .. 120,000
Lak k nd………………………………………………………… ………… ……… ….. 240,000
Building k ………………………… …… … …… … … …… … …… … …… … … …… . 480,000
Mok rtgk a g k ek k k payab k le k k …………………… ………………………………. 240,000
B,k k k k ck k k apk k ita k k l……………………………………………………………….. 600,000
Initia klkinvekstmeknt.
Re kquire kme knt k2: kAssumingk thakt kAkakndk B ka kgkrekek tha kt keka kckhk pka krtnekrkisktok rekckekivek a knk ekqkua klkcka kpkita klkintekrekst.
Tok re kc ko krd k a kdj ust me knt s: k no kth in g k to k a kd kju st k sinck ek b ko kth k o kf k thekm k ha kv ek no k sekt k o kf k b ko ko kks.
Tokc kl ose k t he k b oo k s : k n o kth in gk to k ck lo ksek sin ckek b ko kth k o kf k thekm k ha kvek n o k sekt k o kf k b ko ko kks.
Tokre kc kokrdk inve kstme knts:
Pa krtnekrship k b ko ko kks:
Bonusk Approkakc kh:
Cash……… … …… … … …… … …… … …… … … …… … …… … …… … … … 120,000
Invek k k k k k ntok k k k k ry……………………………………………………………………… 120,000
Eqk k k uip k k k mek k k k nt……………………………………………………………………. 240,000
A,k k k ck k k a p k k itak k l…………………………………………………………….. 480,000
Downloadedk bykAkissahkDatusimbank()
, Cash.................................................................................................................................... 120,000
Laknd .................................................................................................................................... 240,000
Building .............................................................................................................................. 480,000
Mokrtg ka g kek p a y a b klek……………… …… …… … …… …… …… ……
240,000 k
B,kckapkitakl.……………………………………………………….…… 600,000
B,kckap kita kl.............................................................................................................................. 60,000
A,kcka p kitakl……………………………………………………………… 60,000
To kta klka kgkrekekd k cka kp kita klk(P480,000 k +k P600,000 ) ...... Pk 1,080,000
Multip kliekd k b ky: k Ca kp kita klk intekrekst k (ekq kua kl) ................. 1/ k2
Pa krtnekr’kskind kivid kua klkcka kp kita klkintekrekst ........................ Pk 540,000
Lekss: k A’ksk ck a kp kita klkintekrekst.............................................. 480,000
Bo k nusk to k k A…….……………………………………..Pk k 60,000
Re kvakluaktionk (Goodwill)k Appr okakc kh:
Cash.................................................................................................................................... 120,000
Invekntokry ........................................................................................................................... 120,000
Eqkuip kmeknt ......................................................................................................................240,000
A,kcka p kitakl…………………………………………………………….. 480,000
Cash.................................................................................................................................... 120,000
Laknd .................................................................................................................................... 240,000
Building ...............................................................................................................................480,000
Mokrtg ka g kek p a y a b klek……………… …… …… … …… …… …… ……
240,000
kB,kckap kitakl.……………………………………………………….…… 600,000
Assektsk(okrkg kokokdwillko krkin takng kibkle k asse kt) ............................................................... 120,000
A,kcka p kitakl…………………..……………………………………….. 120,000
Downloadedk bykAkissahkDatusimbank()
, To kta l k a g k rekekdk cka p kita klk(P600,000 k/k1/2)………..….
P1,200,000 k
Lekss: kTokta l kcko kntrib kutekdk cka p kita kl
(P480,000 k + k Pk600,000)............................................................ k 1,080,000
Go kokdwillkto k A……………..…………………………. Pk 120,000
Prokble km k II
Invekstekd Invekstekd Invekstekd
Agkrekekd k Fa kirkVa klueks k b ky k Jo khn k k b ky k Jekff kk b ky k Ja kne
C a ksh P100,000 -k -k - -k -k -
Eq kuip kmeknt Pk 110,000 -k -k -
Toktaklkakssekts 100,000 Pk 110,000 0
No ktek p ka kya kb klek a kssum ekd k b ky k p ka krtn ekrsh ip -k -k -k k k 30,000 -k -k -
Nektk a kssektskinvekstekd P100,000 P 80,000 P 0
1. k BonuskMe kthod 2. k Gkoodwill kMe kthodk (Re kvakluaktionk of kA sse kt)
C a ksh 100,000
C a ksh 100,000 Eq kuip kmeknt 110,000
Eq kuip kmeknt 110,000 Gko k o k d kwill 90,000
No ktek Pa kya kb kle 30,000 No ktek Pa kya kb kle 30,000
Jo khn,k C a kp kita kl 60,000 Jo khn,k C a kp kita kl 90,000
Jekff,kC a kp kita kl 60,000 Jekff,kC a kp kita kl 90,000
Ja knek,kCa kpkita kl 60,000 Ja knek,kCa kpkita kl 90,000
2.k Thek b ko knu skm ektho k d k isk u sekd k whek n k Jo kh n k a knd k Jekff k rekc ko k gkn izek t ha ktk Ja knek iskb k rin gk in gk so km ekth in g k o kf k va klu ek t
o k thekf irm ko kth ek rktha kn k a k ta kngk ib k le k a kssekt,k b kut k thek y k d ko k no ktk wa kntk to k rek cko k gk n izek a kn k inta kn gk ib k lek a kssekt .k k
To k ek q kua klizekt hekcka kp ita klk a kck cko ku nts,k P4 0,000 k isk t ra knsf ekrrekd k f ro km k Jo k hn 'sk cka kp k ita klk a kck cko ku nt k a knd k P20 ,0 0
0 k isk tra knsfekrrekd k fro km k Jekff'skck a kp kita klka kck ck o kunt.
Th ek gko ko kd k will km ektho kd k isku sek d k wh ekn kth ek p ka krt nek rsk rekcko k gk n izek thek inta kn gk ib k lek na ktu rek o kf k thek sk illsk Ja knek i
sk b k rin gk in g kto kth ek p ka krtnek rsh ip k .k H o k we kvek r,k the k cka kp k ita klk a kckcko ku ntsk a kre k ekq kua k lizekd k b ky k rek cko k gkn izin gk
a kn k inta kn gkib kle k a kssektk a knd k a k cko krrek sp ko knd kin gk inck reka ksek in k thek cka kp kita klk a kck cko kunt sk o kf k thek p ka krtnekrs.k Un leks
sk the
Downloadedk bykAkissahkDatusimbank()
