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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
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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,
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