December-12
December-12
December-12
COLLEGE OF ACCOUNTANCY
DAGUPAN CITY
5. The adjusted trial balance of Benguet Company on December 31, 2017 include the following accounts:
7. The trial balances of Grand Company reflected the following liability account balances on December 31, 2017
The deferred tax liability is based on temporary differences that will reverse in 2019?
In Grand’s December 31, 2017 statement of financial position, what amount should be reported as cuurent
liabilities?
8. The following account balances were gathered from Company’s adjusted trial balance on December 31, 2017:
What total amount should be reported as current assets in Pandora Company’s statement of financial position?
9. The December 31, 2017 statement of financial position of Southern Company contained the following current
assets:
Cash P3,200,000
Accounts receivable 2,000,000
Inventory 2,800,000
Deferred charges 200,000
10. The following information is available from the records of Hondoras Company for the current year: