ACCT 3201

Thompson River University (TRU )

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ACCT 3201: INTERMEDIATE Financial Accounting:PART 1B Testbank
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176

August 2021

2021/2022

A+
ACCT 3201: INTERMEDIATE Financial Accounting:PART 1B Testbank 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 tra...
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