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1. Kimberly Company purchased from a friend on June 29, 2014 a 10% 5-yearin es!men! in !erm bonds "i!h #5,000,000 face alue "i!h in!eres! e ery June $0and ecember $1 of e ery year. &he bond "as issued on January 2, 2014 and !hecompany plans !o hold i! !o ma!uri!y. &he e'ec!i e ra!e a! !he da!e of issuance "as12% and (% a! !he !ime of purchase before direc! cos! and )% af!er direc! cos!.*o" much is !he cash used on !he da!e of purchase+

1. P5,820,577

2. #5, 21,5))$. #5,5)0,5))4. #5,$21,5))

2. Charlene Company purchased a cus!omer lis! and an on oin research pro ec! for a!o!al of #400,000. Charlene Company uses !he e/pec!ed cash o" approach fores!ima!in !he fair alue of !hese !"o in!an ibles. &he appropria!e in!eres! ra!e is)%. &he po!en!ial fu!ure cash o"s from !he !"o in!an ibles, and !heir associa!edprobabili!ies, are as follo"sCus!omer is!3u!come 1 20% probabili!y of cash o"s of #50,000 a! !he end of each year for 5years3u!come 2 $0% probabili!y of cash o"s of #$0,000 a! !he end of each year for 4

years3u!come $ 50% probabili!y of cash o"s of #10,000 a! !he end of each year for $years

3n oin esearch #ro ec!3u!come 1 10% probabili!y of cash o"s of #500,000 a! !he end of each year for10 years3u!come 2 10% probabili!y of cash o"s of #10,000 a! !he end of each year for 4years3u!come $ (0% probabili!y of cash o"s of #100 a! !he end of each year for $years

*o" much should be reco ni6ed as cus!omer lis!+1. #400,0002. #$22,9)5$. #(4, 094. P77,025

$. Charma ne Corpora!ion "as or ani6ed on 7pril 1, 2010 and is under !he $0% !a/ra!e. &he corpora!ion also follo"s a 8scal year accoun!in . 7f!er 4 years of uns!ableopera!ion, !he e ui!y sec!ion of Charma ne Company on :arch $1, 2014 ispresen!ed belo"Con!ribu!ed Capi!al

;hare Capi!al, #10 par, 1,000,000

au!hori6ed, 500,000 issued and ou!s!andin #5,000,000;hare premium 2,500,000

e!ained earnin s $,000,0003n 7pril 15 2014, Charma ne Company ac uired 50,000 !reasury shares a! a cos! of #20 per share. 3n :ay 1, 2014, !he en!i!y issued 20% s!oc< di idend and mar

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2. #4,200,0003. P3,880,0004. #$,900,000

4. 3n January 1, 2014, >icole Company issued a 5-year 10% bonds "i!h #5,000,000face alue and in!eres! are payable semi-annually s!ar!in June $0. &he e'ec!i era!e before bond issue cos! is 12% and e'ec!i e ra!e af!er bond issue cos! is 1$%.>icole Company elec!s !o use !he e'ec!i e in!eres! of amor!i6a!ion for !he bonds.

3n ecember $1, 2015, "ha! is !he unamor!i6ed por!ion of !he bond issue cos!+?use 4 decimal places of presen! alue fac!ors@1. #$2$,5(02. #102,)95$. #$ $,2504. P117,575

5. Aueen Company incurred !he follo"in cos!s durin !he curren! year 20143p!ion fee for land ac uired #10,0003p!ion fee for land no! ac uired 10,000

&a/es in arrears on buildin on land 50,000#aymen! for land 1,000,000

emoli!ion of old buildin , includin of sal a e alue of #10,000

110,000

7rchi!ec! fee 2$0,000#aymen! !o ci!y hall for appro al of buildin cons!ruc!ion 120,000Con!rac! price for fac!ory buildin 5,000,000;afe!y fence around !he cons!ruc!ion area $5,000;afe!y inspec!ion on buildin $0,000

emo al of safe!y fence af!er comple!ion of buildin 20,000>e" fence surroundin !he fac!ory (0,000

ri e"ays and par

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&he cos! is ne! of direc! cos! of #200,000 in rela!ion !o purchasin !hein es!men!.

;old 1E5 of !he securi!ies for #500,000 a! !he be innin of 2015. ;old 1E2 of !he securi!ies for #1,000,000 a! !he be innin of 201).

*o" much is !he ne! e'ec! on e ui!y of !he !ransac!ions for 2015+1. P200,000 decrease2. #$40,000 decrease$. #2 0,000 decrease4. #140,000 increase

). Fsin !he precedin number, ho" much is !he ne! e'ec! on e ui!y of !he!ransac!ions for 201)+

1. P600,000 increase2. # 00,000 decrease$. #5 0,000 increase4. #5 0,000 decrease

(. :arren Company recei ed a o ernmen! ran! rela!ed !o a depreciable asse! on January 1, 2009 in !he amoun! of #)50,000. &his ran! "as deduc!ed from !hecapi!al cos! of !he asse! purchased a! a !o!al amoun! of #4,500,000 ac uired on !hesame da!e "i!h a useful life of 10 years and no residual alue. 3n January 1, 2014,!he en!ire #1,000,000 became payable due !o breach of con!rac! by :arrenCompany. =ha! is !he deprecia!ion e/pense !o !ha! should be reco ni6ed for

ecember $1, 2014+1. #1,200,0002. #1,125,0003. P825,0004. #450,000

9. y CompanyGs in en!ories "ere !o!ally des!royed by 8re on ecember $1, 2014. &here "ere no purchases from !he !ime of 8re un!il ecember $1, 2014.

January 1 ecember 1a" ma!erials 450,000 0

:anufac!urin ;upplies $0,000 25,000Hoods in process 925,000 1,050,000Dinished oods 1,100,000 1,125,000

&he follo"in are !he da!a for !he curren! year;ales # ,000,000#urchases of ra" ma!erials 2,000,000#urchases of fac!ory supplies 150,000Drei h! of ra" ma!erials )5,000

irec! labor 1,100,000:anufac!urin o erhead is )5% of direc! labor and ross pro8! ra!e is $5% of sales.=ha! is !he cos! of !he ra" ma!erials des!royed by 8re+

1. #555,0002. P400,000$. #$)5,0004. #$25,000

10.3n January 1, 2014, Iimeren Company purchased 50,000 uni!s of oods a! #20 peruni!. urin !he year, !he en!i!y sold 40,000 uni!s a! #$ per uni!. &he en!i!y paid#140,000 for opera!in e/penses. &he curren! replacemen! cos! of !he in en!ory on

ecember $1, 2014 is #$0 per uni!. 3n ecember $1, 2014, "ha! amoun! of ne!income under curren! cos! accoun!in should be repor!ed+

1. #500,0002. P600,000$. # 40,000

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4. #)40,00011.Jolina Company has an oil pla!form in !he sea. Jolina Company has !o decommission

!he pla!form a! !he end of i!s useful life, and a pro ision "as se! up a! !hecommencemen! of produc!ion. &he carryin amoun! of !he pro ision is #( million.

Jolina Company has recei ed an o'er of #20 million ?sellin cos!s # 1 million@ for !heri h!s !o !he oil pla!form, "hich re ec!s !he fac! !ha! !he o"ners ha e !odecommission i! a! !he end of i!s useful life. &he alue in use of !he oil pla!form is

#2 million i norin decommissionin cos!s. &he curren! carryin amoun! of !he oilpla!form is #2( million. *o" much should be reco ni6ed as impairmen! loss+1. #10,000,0002. #2,000,0003. P1,000,0004. #0

12. n January 1, 2014, :aica Company purchased proper!y "i!h na!ural resources for#2(,000,000. &he proper!y had a residual alue of #5,000,000. *o"e er, !he en!i!yis re uired !o res!ore !he proper!y !o i!s ori inal condi!ion a! an amoun! of #2,000,000. n 2014, !he en!i!y spen! #5,000,000 for !he cons!ruc!ion of a road,e/plora!ion cos! of #250,000 and, impro emen!s and o!her de elopmen! cos! for!he "as!in asse! of #)50,000. n 2015, !he en!i!y cons!ruc!ed a buildin a! a cos!

of #2,000,000 "i!h residual alue of #200,000 and useful life of 5 years. n January1, 201 , !he en!i!y spen! #500,000 and #1,000,000 for !he impro emen!s and o!herde elopmen! cos! for !he buildin and "as!in asse! respec!i ely. n ecember $1,201 , !he fair alue less cos! !o sell of !he "as!in asse! "as #15,000,000 and#500,000 for !he buildin "i!h no residual alue for bo!h. *o" much is !he deple!ione/pense for 201 +

1. # , )0,0002. #5,1 5,0003. P5,420,0004. #4,5(5,000

1$.Fsin !he precedin number, ho" much is !he deprecia!ion e/pense of !he buildinfor 201 +

1. #5$5,0002. P485,000$. #$ 0,0004. #125,000

14. urin 2014, Joan Company is defendin a pa!en! infrin emen! case 8led a ains! i!by 7nna Company. &he le al counsel of !he en!i!y belie es !ha! !he cour! "illdismiss !he case is 20% chance and Joan Company "ill no! pay any dama es.*o"e er, if !he rulin of !he cour! is a ains! !he company, !he le al counsel JoanCompany "ill pay dama es of #50,000,000 "i!h $0% chance and #)0% chance of payin #100,000,000 "or!h of dama es !o Dailure Company. &he cour! "ill render adecision in la!e ecember 201$ and 7nna Company has no means of se!!lin i! ou!of cour!. 7 10% ris< ad us!men! fac!or !o !he probabili!y-"ei h!ed e/pec!ed cash

o"s is considered appropria!e !o re ec! !he uncer!ain!ies in !he cash o"es!ima!es. 7n appropria!e discoun! ra!e of 12% per year "as considered. =ha! is!he amoun! of !he pro ision for !he la"sui!+

1. #)5,000,0002. # (,000,0003. P66,572,0004. # 0,520,000

15.Colin Company "an!ed !o es!ablish a leasin company by s!ar!in !o purchase aspeciali6ed pac

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e uipmen! has a residual alue of #$40,000 and useful life of ) years. Colincompany pro ides !o pac

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Carryin amoun! 5,925,000 &here "ere no addi!ions or disposals durin 2014. 3n June $0, 2014, !hereplacemen! cos! of land, buildin and machinery "ere #400,000, 5,000,000, and

,500,000 respec!i ely. 3n ecember $1, 201 , !he replacemen! cos! of land,buildin and machinery "ere #$00,000, #$,000,000, and #4,000,000 respec!i ely.*o" much is !he re alua!ion surplus on ecember $1, 2014+

1. #4,2)5,000

2. #$,550,0003. P3,375,0004. #2,(25,000

19.3n ecember $1, 2014 and 2015, Jubelle Company had 50,000 issued andou!s!andin preference shares "i!h #100 par alue and 10% cumula!i e. &here "ereno di idends in arrears on ecember $1, 201$ and Jubelle Company did no! declaredi idends durin 2014. Dor !he year 2015, !he en!i!y paid cash di idends in !heamoun! of #250,000 on i!s preference shares. *o" "ill !he di idends in arrears for!he preference shares be repor!ed for 2015+

1. 7ccrued liabili!y of #)50,0002. Disclosure of P750,000$. 7ccrued liabili!y of #500,000

4. isclosure of #500,00020.&he follo"in are !a

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insurance policies !ha! co ered !he life of 7le/a CompanyGs presiden! "as paid.7le/a Company is !he bene8ciary for !his policy.

&he !a/ ra!e is $5%. #re!a/ accoun!in income in 2014 "as #2,000,000. 7ssuminany 2014 ne! loss "ill be carried !o 2015, ho" much is !he deferred !a/ asse! !o bereco ni6ed as of ecember $1, 2014+

1. #)00,0002. #))0,0003. P980,0004. #1,5)5,000

22.3n January 1, 2014, Ili6abe!h Company ran!ed i!s 10 employees 5,000 shareapprecia!ion ri h!s for each employee for pas! ser ices. &he ri h!s are e/ercisableimmedia!ely and e/pire on ecember $1, 2015. &he employees e/ercised all !heri h!s on ecember $1, 2015 and are en!i!led !o recei e cash in e/cess of maro!es #ayable 4,000,000 (%

7ddi!ional informa!ion &he liabili!ies are all da!ed January 2, 201$. &he company "as ran!ed a o ernmen! ran! of #5,000,000 on January 1,

201$ !o 8nance !he cons!ruc!ion !he buildin and !rea!ed as a deduc!ion !o!he cos! of !he buildin . &he buildin is es!ima!ed !o ha e 25 years useful life "i!h 5,000,000 residual

alue and deprecia!ed usin ;um of !he ears i i!. &he cons!ruc!ion of !he buildin be an on :arch $1, 201$ and "as comple!ed

on 3c!ober 1, 2014 "i!h !he follo"in e/pendi!ures7pril 2, 201$ #1,500,000

July ), 201$ $,000,0003c!ober 19, 201$ $,000,000

ecember 29, 201$ 1,000,0007pril (, 2014 4,500,000

June 2), 2014 1,(00,000

*o" much is !he cos! of !he buildin on 3c!ober 1, 2014+1. P11,518,5002. #11,591,2)0$. #11,($),9444. #1 ,591,2)0

24.Fsin !he precedin number, ho" much is !he deprecia!ion e/pense for 2014+1. #222,9092. #1$1,499

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$. #12 ,)554. P125,356

25.Fsin !he precedin number, ho" much is !he o ernmen! ran! balance forecember $1, 2014+

1. #4,90$,(42. #4,(00,000$. #4, 15,$(4

4. P02 .3n January 1, 2014, ady Company classi8ed one of i!s noncurren! asse! as held forsale "hich "as purchased on January $, 2010 a! a cos! of #5,000,000 "i!h useful lifeof 10 years. Dair alue of !he e uipmen! on January 1, 2014 is #$,200,000 e/cludincos! !o sell of #200,000. 3n ecember $1, 2014, fair alue of !he e uipmen! is#$,500,000 includin cos! !o sell of #500,000 and on !he da!e !he e uipmen! "asremo ed from bein held for sale. =ha! should be !he alue of !he e uipmen! af!erceasin !o be held for sale on ecember $1, 2014+

1. P2,500,0002. #$,000,000$. #$,500,0004. #4,000,000

2). ouise Company pro ided !he follo"in balances for 2014=as!in asse! a! cos! 0,000,000,0007ccumula!ed deple!ion 15,000,000,000Capi!al li uida!ed 11,250,000,000

e!ained earnin s ),500,000,000eple!ion based on 100,000,000 uni!s a! #$).5 $,)50,000,000n en!ory of resources deposi! ?20,000,000 uni!s@ 20,000,0000

=ha! is !he ma/imum di idend !ha! can be declared a! !he end of 2014+1. #$$,)50,000,0002. #22,500,000,000$. #1(,)50,000,0004. P10,500,000,000

2(.7rlene Company had !he follo"in capi!al durin 201$ and 2014

#reference share capi!al, #100 par, 10% cumula!i e,100,000 shares #10,000,000

3rdinary share capi!al, #100 par, 400,000 shares 40,000,000

7rlene Company repor!ed pro8! of #(,000,000 for !he year ended ecember $1, 2014.7rlene Company paid no preference share di idends durin 2001$ and paid #1,500,000preference share di idends durin 2014. 3n January $1, 2015, prior !o !he da!e !ha!!he 8nancial s!a!emen!s are au!hori6ed, 7rlene Company dis!ribu!ed 10% ordinaryshare di idend. n i!s 2014 income s!a!emen!, "ha! amoun! should 7rlene Company

repor! as basic earnin s per share+1. #1).502. #1 .253. P15.914. #14.))

29. ue !o ad erse economic circums!ances and poor mana emen!, :arie Companyhas ne o!ia!ed a res!ruc!urin of i!s 9% # ,000,000 no!e payable !o #aola Ban< dueon January 1, 2014. &here is no accrued in!eres! on !he no!e. &he ban< has reduced!he principal amoun! !o #5,000,000 and e/!ends !he ma!uri!y !o !he end of $ years.

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4. # 5 ,000$2. onica Company prepares uar!erly in!erim 8nancial s!a!emen! for !he year 2014.

Dor !he 8rs! uar!er endin :arch $1, 2014, !he e/penses !o!aled #5,000,000 of "hich is 20% is ariable. &he 8/ed e/penses includes commercial ad er!isine/penses of #2,000,000 !ha! "ill be !ele ised for !he "hole year and #900,000 of deprecia!ion e/pense per year for an e uipmen! ac uired on January $1, 2014.=ha! amoun! should be repor!ed as e/penses for !he 8rs! uar!er :arch $1, 2014+

1. P2,750,0002. #2,(25,000$. #4,250,0004. #4,$25,000

$$.3n January 1, 2014, :onica Company purchased 50,000 uni!s of oods a! #20 peruni!. urin !he year, !he en!i!y sold 40,000 uni!s a! #$ per uni!. &he en!i!y paid#140,000 for opera!in e/penses. &he curren! replacemen! cos! of !he in en!ory on

ecember $1, 2014 is #$0 per uni!. 3n ecember $1, 2014, "ha! amoun! of ne!income under curren! cos! accoun!in should be repor!ed+

1. #500,0002. P600,000$. # 40,000

4. #)40,000$4.Jessa Company has an in es!men! in an e ui!y ins!rumen! classi8ed as Dinancial7sse! a! Dair alue !hrou h 3C . &he cos! of !he in es!men! on July 1, 2014 "as#$,000,000. 3n ;ep!ember 1, 2014, !he company en!ered in!o a deri a!i e for"ardcon!rac! !o hed e !he fair alue of !he in es!men!. 7ll !he condi!ions for hed edaccoun!in are me!, and !he hed e uali8es as a hed e as a fair alue hed ebecause i! is a hed e of an e/posure !o chan es in !he fair alue of a reco ni6edasse!. 3n ecember $1, 2014, !he fair alue of !he in es!men! "as #2,900,000.=ha! is !he e'ec!i eness ran e for !hese associa!ed !ransac!ions+

1. 90%-100%2. 90%-10$%3. 90%-111%

4. 9)%-10$%$5. n compu!in for i!s ne! income for !a/ purposes, !he follo"in da!a "ere pro ided

by Camille CompanyCarryin amoun! &a/ base

7ccoun!s recei able #1,500,000 #1,)50,000I uipmen! 1, 50,000 1,250,000#ro ision for "arran!y 120,000 0

eposi! recei ed inad ance

150,000 0

&he deprecia!ion ra!es for accoun!in and !a/a!ion are 15% and 25% respec!i ely. &he deposi!s are !a/able only "hen recei ed and "arran!y cos!s are deduc!ible"hen paid. 7n allo"ance for doub!ful deb!s of #250,000 has been raised a ains!accoun!s recei able for accoun!in purposes bu! such deb!s are only deduc!ible"hen pro en "or!hless. =ha! amoun! should Camille Company repor! as deferred!a/ asse! on ecember $1, 2014, assumin !ha! !he !a/ ra!e is $0%+

1. P156,0002. #120,000$. #(1,0004. #$ ,000

$ .&he follo"in accoun!s "ere presen!ed by >adyn Company.Be innin Indin

7ccoun!s ecei able 500,000 00,000

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>o!es ecei able 400,000 200,0007ccoun!s #ayable )00,000 500,000>o!es #ayable $00,000 100,000

n en!ory (00,000 900,0007ddi!ional informa!ion

>e! income amoun!s !o #250,000 "hich is 40% of ross pro8! and 10% of cos! of oods sold.

Collec!ed #2,500,000 of accoun!s recei able and paid #2,000,000 of accoun!spayable.

Cash discoun!s amoun!in !o #150,000 and #1$0,000 for !rade discoun!srela!ed !o sales and cash discoun!s amoun!s !o #150,000 and #1$0,000 for!rade discoun!s rela!ed !o purchases.

;ales re!urns amoun!s !o #150,000 for cash sales and #250,000 for sales onaccoun! and #urchase re!urns amoun!s !o #150,000 for cash purchases and#250,000 for purchases on accoun!.

7ccoun!s "ri!!en o' amoun!s !o #10,000.7ssumin accrual accoun!in is bein used by !he company, ho" much is sales onaccoun!+

1. #1,(40,0002. #2, 40,0003. P2,660,0004. #2,( 0,000

$).Jenny Company sold land "i!h carryin amoun! of #1,500,000 in e/chan e for a 9-mon!h 9% no!e "i!h face alue of #2,000,000 on January , 1, 2014. &he 10% ra!e is!he curren! mar

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$. #4,000,0004. P3,500,000

$9. n 2010 Jenelyn Company purchased a #5,000,000 life insurance policy on i!spresiden!, of "hich &ee Company is !he bene8ciary. nforma!ion re ardin !hepolicy for !he year ended ecember $1, 2014 follo"sCash surrender alue, January 1, 2014 #4$5,000Cash surrender alue, ecember $1, 2014 540,000

7nnual ad ance premium paid January 1 200,000

urin 2014, di idends of #$0,000 "ere applied !o increase !he cash surrenderalue of !he policy. =ha! amoun! should Jenelyn company repor! as life insurance

e/pense for 2014+1. #200,0002. #125,000$. # 5,0004. P 95,000

40.Jo"a Company has a herd of 100 2-year old animals on January 1, 201$. 10 animalsa ed 2.5-year "ere purchased on July 1, 2014 for #10,(00 each and 10 animals"ere born on July 1, 2014. >o animals "ere sold or disposed of durin !he year. &hefair alues less cos! !o sell per uni! "ere2-year old animal on January 1, 10,0002.5-year old animal on July 1 10,(00>e" born animal on July 1 ),0002-year old animal on ecember $1 10,5002.5-year old animal on ecember $1 11,100>e"born animal on ecember $1 ),200$-year old animal on ecember $1 12,0000.5-year old animal on ecember $1 (,000=ha! is !he ain from chan e in fair alue !ha! should be repor!ed for 2014+

1. #02. #55,000$. #2$),0004. P292,000

41.;harmaine Company disclosed !he follo"in informa!ion in rela!ion !o i!s opera!inse men!s for !he curren! year;e men! ;ure >a #asado Ka;ales I/!ernal

10,000,000 1,)00,000 12,000,000 5,000,000

;ales n!ernal 4,000,000 2,500,000 9,000,000 2,000,000 &raceableI/pense

500,000 00,000 400,000 200,000

eprecia!ion

I/pense

500,000 200,000 400,000 $00,000

7ddi!ional I/penses, no! included abo e, are as follo"sndirec! I/pense 1,(00,000

Heneral I/pense 1,200,000n!eres! I/pense 00,000ncome &a/ I/pense $0%

&he in!eres! e/pense and income !a/ e/pense are re ularly re ie"ed by !he chief opera!in decision ma

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are alloca!ed !o se men!s based on !he ra!io of se men!Gs sales !o !o!al sales. *o"much is !o!al pro8! or loss of repor!able se men!s+

1. 5,$90,0002. 5,262,727$. 4,594,5454. 4,4 ),2)2

42.Jemelyn Company borro"ed #5,000,000 from a ban< a! a ariable ra!e of in!eres!

for 4 years on January 1, 2014. n!eres! is payable annually !o !he ban< e eryecember $1 and !he principal is due on ecember $1, 201). Fnder !he a reemen!,!he mar

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#urchases 9,000,000 14,)00,000Drei h! in 200,000#urchase re!urns $00,000 500,000#urchase allo"ances 150,000

epar!men!al !ransfers 200,000 $00,000>e! mare! mar

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4).Jannella Company leased a buildin !o 7nne Company under a 4-year opera!inlease on January 1, 2014. &he mon!hly ren!al for 2014 is #)5,000N 2015 #112,500N201 150,000N 201) 1(),500. en!als are payable a! !he end of each mon!h andall ren!al paymen!s "i!hin !he year are made "hen due. =ha! amoun! should berepor!ed as ren! recei able in i!s s!a!emen! of 8nancial posi!ion as of ecember $1,2015+

1. P900,000

2. #)50,000$. # )5,0004. #450,000

4(.3n January 1, 2011, Jamie Company "as ran!ed 2 pa!en!s, apparen!ly pa!en! 7and pa!en! B. ela!ed le al cos! for pa!en! 7 "as #500,000 and for pa!en! B "as#$00,000. 7lso incurred #50,000 consul!a!ion fee for bo!h pa!en!. urin 2014, !hecompany paid #1,000,000 in le al cos! for successfully defendin pa!en! 7 and#1,200,000 of le al cos! for pa!en! B for "hich "as unsuccessfully defended. 3n7pril 1, 2014 !he en!i!y paid #(00,000, of "hich )5% "as for a !rademar< and 25%"as for !he en!i!y a reemen! "i!h a compe!i!or no! !o compe!e for 5 year period inline "i!h !he !rademarelissa Company repor!ed #5,000,000 of in en!ory on ecember $1, 2014, basedon physical coun!. &he follo"in are addi!ional informa!ion concernin in en!ories of >elissa Company

Hoods sold !o a cus!omer on ecember $1, 2014 "hich are bein held for !hecus!omer !o call a! !he cus!omerGs con enience "i!h a cos! of #150,000 andis included in !he coun!.

I/cluded from !he physical coun! "ere oods billed !o a cus!omer, D3Bshippin poin!, on ecember $1, 2014. &he oods had a cos! of #200,000 andhad been billed a! #$50,000. &he shipmen! is ready for pic

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I uipmen! 2,000,0007cc. ep. I uipmen! 500,000Buildin 4,000,0007cc. ep. Buildin 1,500,000Hood"ill 4,000,0007ccoun!s #ayable 2,000,000Bonds #ayable 5,000,000;hare capi!al 10,000,000

e!ained Iarnin s 9, 00,000

Oalue in use of CHF on ecember $1, 2014 is #10, 00,000. Dair alue less cos! !osell for in en!ory "as #2,000,000 and for accoun!s recei able #4,000,000. =ha! is!he impairmen! loss for buildin +

1. P833,3332. #1,$4 ,154$. #4(0,) 94. #5) ,92$