Test bank of Advanced Accounting by Guerrero & Peralta CHAPTER 1
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Minority Interest in Net Assets of Subsidiary (MINAS). Sto ckholders’
(2) To allocate difference... (2) To
Papa’s retained earnings of P120,000 will
Error in recording cash transfer, April 8 ( 45,000) Cash transfer recorded in subsequent year, Dec. Investment in Branch account (Home
No revenue is to be reported. Because the franchisor fails to render substantial services to the franchisee as of December 31, 2008.. The down payment of P600,000 is recognized
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24,400 To record payment of priority liabilities. Accounts
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