Practical accounting 2 dayag online dating, quick links

Preparation of statement of goods manufactured and sold d.

Cash flow hedge a Recognized asset or liability exposed asset or liability position b Unrecognized firm commitment identifiable foreign currency commitment - purchase or sale c Forecasted transaction anticipated foreign currency transaction purchase or sale 3.

Merchandise Shipments to Branch at price in excess of cost, billed price When billings to the branch exceed cost, the profits determined by the branch will be less than actual profits.

Practical Accounting 2 by Antonio J. Dayag | LibraryThing

Forecasted transaction anticipated foreign currency transaction — purchase or sale 4. With intercompany transactions inventories, land and depreciable assets c.

Normal lost units 2.

Inter-branch transfer of Merchandise. Incorporation of a partnership 7. Abnormal lost unit 6. Allowance for Overvaluation will remain until the shipment is shifted is reshipped or sold by the branch to outsiders.

Foreign currency forward contracts 1.

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Recording as an expense the excess freight cost on merchandise transferred from one branch to another is a manifestation of the accounting principle that losses should be given prompt recognition.

Net income, dividends and amortization 2. Admission of a new partner 1. Market sales value method 2.

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Preparation of cost of production report 1. Presentation and required disclosures 2. Fair value hedge 2. Cost accumulation procedures b. The HO Shipments to Branch and branch Shipments from HO account are nominal accounts and therefore closed at the end of the period to Income Summary account together with the revenue and expense accounts.

Average unit production output method 3.

Practical Accounting 2 Reviewer by DAYAG 2008 ED.

Shipments to Branch is subtracted from the total of beginning inventory and purchases in the computation of home office's COGS for the period. Hospitals and other health care organizations c.

Inter-branch Transfers of Cash 3.

Hedge of a net investment in foreign entity b. The excess freight cost arising from such shipments generally is a result of inefficient planning of original shipments and therefore should not be included in inventories. When the Home Office transfers fixed assets to Sales Agency.

Accounting for lost units - inspection point - end of process only 1. By purchase of interest 2.

Practical Accounting 2

Only the reported income or loss of branch is closed to Investment in Branch. Other foreign currency forward contracts - speculation c.

Withdrawal, retirement or death of a partner c. Recognized asset or liability exposed asset or liability position 2.

Shipments from Home Office account on the branch books is included in the computation of the branch's COGS as an addition to purchases. Merchandise Shipments to Branch at price in excess of cost, billed price 2.

Date of acquisition b.

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Weighted average method b. Colleges and universities d. Foreign currency options 1.