AM ww # Eth goa gn Om is and Ortigas 725-99441734.790% * Colamba, Laguna 049) 5482607 (Visayas) Becolod City (0 18" Cebu City (032) 258.7777 Loe, 122, (08822) 725150" Davao City (082) 225.0048 prte.com. oh CPA REVIEW OPEN FINAL PRE-BOARD EXAMINATIONS THEORY OF ACCOUNTS ‘Exam Coverage | RPCPA | Examination Syllabus [Exam Code _ ToA OpenFPB. September 25, 2009, 8:00 AM to 1 100 B_sororaaguedo-var "3oeya Xe} 249 Jo 3U UDUOdLIOD PanuAUCDSiD uj Jo jesedsip Uo $50} 10 wed 243 se fem se 338Ne X@1 31) 40 JOU TusUOdWIO> panuAUODS!D aur BunIe-ado Wo, $S0} JO suiDU! ay JO sIS!SuC> aMODUT sAIsUdYeZdWIOD 40 JuaUIEIEIS lp Jo UoNsas suoReIadO penuRUODSI aul ‘p “p88 Xe} 349 Jo 38U 2uaYOdtuED PanuRLODSIP ayy SuNeledo WON 40 sWAreIg op Jo UORDES suONeIEdO panuQUODSIG 24) pays xe} a4 Jo Iu qeauod.o? panuguODsiP ay Jo jesodsi uO S80} 40 Ue sy} Jo Aluo sisisuo> awoour aAIsUBYDLALIO Jo JuaWA}EIS B4y Jo UONIeS suoITeINdO panuUOdsIQ BYL “a “suonieiede Suinuguco wou ‘awoou! Joye awoour sa\sveusiduiog Jo AUIS Bu uo AroSar20 382} 343 se uous o1e suOReIAdo panunUODSIg “2 42391302 1 BuyMOjIO) 349 JO UD} ‘{pBys|iqe3S9 5} uaWAed anie2es 07 3454 BUY LALA Ipanienal St yseo 9uy tpaziieas usaq sey anusna aa weUM Ajo Bnuanss puapinlp jo uonieBors: ay smolte “onueAsy ST Std ‘SpuapIAID Woy anuansi 243 SuuNseou UdyA q e ‘iqeareoai 10 panisoes uoResepisUOD au Jo BNIeA OOS “Pp ‘igenleoaz 0 PeNts0a1 USED JO IUMOWY > ‘{genra2e1 JO PeAjsDes UORELBPISUOD 349 40 150) °-G 81 10 panjedsl YORe.apIsucd ay? Jo Snlen wJey “2 3 paunseaw aq pinous snuansy races 1ex@ anf sapual TOMVANE 1984S amsue x + jUO Z “ON TIONSd 88n, in SunseLg CaMOTIY SB¥NSWEI ON ANPING “papincid yeoys awsue 2U; Uo wid) Ypee Jo! iaMsue BUC Alto se) “SuORSANd BUImMO}}O) aia Jo Wes 10) sewsue aq BIA Hes ‘SNOLLONUISNT auas spuneeay 40 ooTheory of Asoo. seTB 99. Exchange difference relating to the transiation of fore operations into the currency of the reporting entity, disclosed in the: Comprehensive Income Financial Position; id be disclosed in the criteria cash eat guarantee of indebtedness of others balance sheet date inancing of debt subsequent to the balance sheet date Please submit your answer sheet Keep the questionnaire, Thank you for taking the PRTC Open Pre-Board Examinations! @ Tig DS anata = Tea. DpanFPaIO OS “Treaty of Accounts 4. Which of the f operations is true? 2. The assets and ltabllities of 2 disposal group classi held for sale by an entity may be offset and shown as 3 sem an the Statement of Financial Position of the ing_ discon Jing statements regat statements of the entity in which the discon operation was reported ¢. The gain or loss on disposal of 2 component of an en zs a discontinued operation need not be sed separately from the loss from operations of the discontinued segment. Id for sale’ PFRS 5 Non-current Assets wed Operations, While an asset 1s B. the reco, nce costs for the asset ws from the asset as ‘operating cash flows"; the asset from being deprec 6, Any gain on a subsequent increase in the fair value less cost ‘0 sell of a noncurrent asset classified as held for sale should be treated as follows: 2. The gain shouid be recognized in ful b. The gain should not be recognized, c. The gain shoulé be recognized but not In excess of the cumulative impairment toss. The gain should be recognized but enly in retained earnings, eT aaa a Fok DpearPBTO TS