Zeus vernon b millan - Study guides, Class notes & Summaries

Chapter 14: Multiple choice – Computational (SET B) – (For classroom instruction purposes) Acquisition on cash basis 1. LOQUACIOUS TALKATIVE Co. acquired a factory equipment overseas on cash basis for 400,000. Additional costs incurred include the following: ₱ commissions paid to brokers for the purchase of the equipment, 20,000; ₱ import duties of 100,000; non-refundable purchase taxes of 40,000; freight ₱ ₱ cost of transferring the equipment to LOQUACIOUS’ premises, 4,000;...

. Which of the following correctly refer to the various branches of accounting? I. Government accounting deals with accounting for the national government and its instrumentalities, focusing attention on the custody of public funds and the purpose or purposes to which such funds are committed. II. Institutional accounting deals with handling of accounts managed by a person entrusted with the custody and management of property for the benefit of another. III. Estate accounting deals with...

Summary of Chapter 19 Borrowing Cost of Intermediate Accounting of Zeus Vernon B. Millan. It is composed of meanings and formulas.