Bonus 560,000 / 3/4 of the partnership =

A 224,000 (20,000) 204,000

B 260,000 (13,333) 246,667
C 116,000 (6667) 109,333
D 146,666 40,000 186,666-Squeeze
746,666

A B
144,000 / 0.96=150,000 x 0.04 901,000 435,000
48,000/0.96x 0.04=2,000 Prepaid (30,000)
Inventory (48,000)
Land 50,000
Building (50,000)
Equipment 5,000
ADA (6,000) (2,000)

852,000 + 403,000 = 1,255,000 x 70%= A Capital 878,500

240,000-95000=145,000

TAC
M 190,876/40%=100% -477,190 x 60%

Malou 286,314

Equity 190,876
Liability 50,114
Assets 240,990-AFter admission of Malou

Cash 150,195
Less: AR 48,500/0.94*0.06=ADA 3,096
Other Assets 42,295
Assets before ADmission 258,086 Total Assets 240,990
Accrued interest 4,500
Prepaid Rent 5,500
Over Computer (24,000)
ADA (3,096)
After ADmission Assets Malou 240,990

Adjusted Adjustments Unadjusted

Assets ** Assets
Cash 250,000 72,750 322,750 ***
Receivables - net * 115,200 29,800 145,000 *****
Inventories 155,000 30,000 185,000
Prepaid Expenses 20,000 (5,000) 15,000
Delivery Equipment 150,000 - 150,000
Total 690,200 127,550 817,750

AR 115,200/0.96 x 0.04 =4,800

Add: Write off 25,000
Adjustments to AR 29,800

Cash not accepted

1,500x 48.50=72,750

545,200/0.60=100% of the
Partnership908,666 x 40% =363,466
908,666/2 =454,333-Dre
90,867-Bonus from Neil

545,200+MP 80,000=625,200 /60%=1,042,000/2=521,000

150,000/0.25=Replacement Cost 600,000

Remember that in case of loss, no more bonus shall be given. For

this item, Merlie absorbs the least loss (the advantage).

Mario being a capital-industrial partner shall not be shared with further losses after offsetting the
initial positive return calculated. From the given problem, the degree of being a capital and
industrial partner could not be asserted, thus, zero is the appropriate answer

A B C
(55,000)
S 52,000 82,000 (134,000)
I 33,788 9,394 9,900 (53,082)
B

(80,694) (80,694) (80,694) (242,082)

5,094 (71,300) 11,206

Total
A B C 200,000
Salary 30,000 18,750 26,250 75,000 for 9 months
50% 33.33% 16.666 Interest on ave. capital bal 2,250 4,050 3,000 9,300 for 9 months
Bonus 26,700 26,700 - 53,400 no need to prorate for 9 months as income covers 9 months only
Residual 31,150 20,767 10,383 62,300
Total 90,100 70,267 39,633 200,000

Net Income 200,000 Bonus = (NIASAI 115,700-B) 30%

Salary (75,000) Bonus = 34,710-0.3B
Interest (9,300) 1.3 Bonus =34,710
NIASAI 115,700 Bonus =26,700 x 2=53,400
Bonus ?

36/60=60% SP 100%
(VC) 60%
CM 40%
(FC) 25% 240,000/25%=960,000 x
NI 15% 0.15% ROS= Net Income
144,000

ADAM RIC 144,000

Salary 7,500 30,000 (37,500)
Int 12,000 13,500 (25,500)
81,000-Remainder
44,550 36450
64,050 79,950-Typo

ADAM RIC 144,000

Salary 7,500 30,000 (37,500)
Int 12,000 13,500 (25,500)
16,200 (16.200) Bonus = (81,000-B)20%
Bonus Bonus =16,200
35,640 29,160 64,800
B=16,200
55,140 87375

A B C
(150,000) 540,000 180,000
Theoretical Loss (420,000) (84,000) (210,000) (126,000)

(234,000) 330,000 54,000

(146,250) (87,750)

183,750 (33,750)
(33,750)

150,000

Cash, beginning 20,000

Proceeds from sale 180,000
Payment of liabilities (140,000 x 75%) (105,000)
Payment of expenses (10,000) Bit 13,000
Cash, ending 85,000 Priority 2 -13,200
Less cash withheld for Total Cash for Bit 26,200
Payment of remaining debts (35,000)
Future liquidation expenses (4,000)
Distributable cash to partners 46,000

Priority I (Bit – 13,000) 13,000

Priority II (Bet and Bit – 60,000)
Bit (2/5)* 13,200 Bet (3/5)* 19,800 Distributable cash to partners 46,000 *based on relative
profit or loss ratio

LL 450,,000 LTBL 675,000

Charges 585,000 Cr 637,500
AR 525,000
LNL 562,500
LA 225,000
ATBR 412,500 ANR 187,500
AA 350,000

2,360,000 2,250,000
110,000-Loss

PAS 28
PFRS 3

Beg 25,000 x 2= 50,000

Expenses 1,850
Expense 2,600
Inventory Taken (1,000)
Inventory Take (1,800)
End Balance 38,200
Net Income 41,000
Sales 92,650

660,000 80,000 /5 x 9/12=12,000

x35%
231,000
UG-(80,000)
RG 12,000
163,000

Printer 15,900
Comp 37,100
SAP 53,000
TP (47,700)
Inherent Discount 5,300 x 37,100/53,000=3,710

Commission 262,500
Legal fees 350,000
Capitalizable costs 612,500

Sales (990,000 + 165,000) 1,155,000

Cost of sales
Home office (176,000 + 440,000 – 66,000 – 121,000 ) (429,000)
Branch (101,640)
Operating expenses (88,000 + 22,000) (110,000)
Net income 514,360

Upfront cash 4,000,000

Fair value of intercompany loan (i.e., settlement of
pre-existing contractual relationship) (480,000)
Additional payment to shareholders 300,000
Consideration transferred under PFRS 3 3,820,000

Consideration transferred
Cash paid (600,000 – 92,000) 508,000
Shares issued 2,700,000
Total 3,208,000
Less fair value of net identifiable assets acquired* (2,770,000)
Goodwill (gain on acquisition) 438,000
*adjusted for the fair value of property and equipment and notes payable.

Current unrestricted funds 60,000

Funds designated by the board for the
acquisition of plant assets 80,000
Funds received from donors before
donor-imposed condition was
Notional Amount 75,000 Baht substantially met 90,000
Hedged Item - Exposed Liability Quasi-endowment funds 150,000
Spot Rates Net assets without donor restrictions 380,000
1/15/2021 1.30
12/31/2020 1.28
0.02 >> per peso increase in liability (treated as loss) 1,500 loss, increase in liability
Hedging Instrument FMV
1/15/2021 3,750
12/31/2020 2,450
1,300 gain, increase in FMV
200 net loss