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    sample cpar

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    © All Rights Reserved
    Download as PDF or read online from Scribd
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    Download as pdf
    167 views2 pages

    Img 011

    Uploaded by

    Andrew Benedict Pardillo
    sample cpar

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
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    of 2
    CPA REVIEW SCHOOL OF THE PHILIPINES Manila ADVANCED ACCOUNTING THEORY TERS 10 - CONSOLIDATED FINANCIAL STATEMENTS, 1. These are the financial statements of a group in which the assets, liabilities, equity, income expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity. ‘®) Consolidated financial statements B. General purpose financial statements C. Separate financial statements D. Group financial statements 2. Consolidated financial statements are typically prepared when one entity has a controlling financial interest in another unless A. The subsidiary is a finance entity. B. The fiscal year-ends of two entities are more than three months apart. ) Such control is likely to be temporary. D. The two entities are in unrelated industries, such as manufacturing and real estate. 3. Consolidated financial statements are typically prepared when one entity has a controlling financial interest in another unless A. The subsidiary is a finance entity B. The fiscal year-ends of the two entities are more than three months apart. The investee is in bankruptcy, D. The two entities are in unrelated industries such as manufacturing and real estate, 4. This is defined as the financial statements presented by a parent in which the investments are accounted for on the basis of the direct equity interest. A. Single financial statements B. Combined financial statements ©) Separate financial statements D. Consolidated financial statements 5. A “group” for consolidation purposes is A parent and all of its subsidiaries, . An entity that has one or more subsidiaries - An entity, including an unincorporated entity such as partnership that is controlled by another entity. D. An entity that obtains control over other entities or businesses. 6. Itis the entity that controls one or more entities. A. Investor sax}O enjeA Hes “Cd {qgetja1 pamsvout 2q wed anqeA s0Ry atp $1 S50] 10 wosd anfeA ate “D) Aambg “a quouuedduyy $89] 1809 “¥ ye wonysinbow Jo arep wos 2094 uur 31 Jo Buysodsip Jo woruarur axp UrEM paxinboe Azeypisqns @ amnsvaUy |[eYS TS UV -yuored amp 01 spuny z9ysues) 07 AATIGe sit aeduny Squworgrudis yeqp suonoynsox wuxar-Buoy azenes zepun Sunerodo st Axeypisqns SL“ ‘uonismboe Jo arp ‘ogy supuous 9ayona URNS 1 Jo asodsip or uoRuanUT aup yutm pasinbow si AxBIpIsqnS 24, *D) -dnosd op uri sonniua zarpo axp Jo aso wo seprunsstp axe Azepisqns au3 Jo saNtanioe SsoUisn BY,“ -Aqqua seypums Jo ysnun yun ‘puny yeryn ‘goneztueaio jerides ommyuaa v st JOseAut oy “V ‘uaya WoEpyfosuoo woxy AreIpisqns ¥ 2pnIoxe |[e4S FINS UV ‘auioout aasuayazduyos 19y70 uy pazquooay onyea sj ur soBueyo tps anyeA 218j te 20 quatusTedua! sso] ws00 We JOKpHe “Cl ‘sso] 10 od uu pezquBooaz anyea 210y ut saBuey Yala anpeA zpRy 78 J0 ywoUsTeduy sso] 800 78 OMT “O. $80] oud ut pozruBooas anyeA ates Ut SoBUUYO YALA ANIEA ET IY “L quoumteduit ssaf 1800 1V “V squowares perouey ayezedas oxp ay Souepisqns tu swuIURSAAN! 10 wmNOSDE TTEYS ANS UW “sooureystumozyo aserp JO [2 49PUN “CL “reek ouo unpitm 11 Jo Bursodsip 40 Burjos Jo wonuoruy axp wpe posmnboe ses yeKp Areqpysqns euo dquo sey aware 241,“ “SAWS 30} SUI 10 SUT TINY WHIM Aydusoo yey squowowis [proueuy perepijosuos ssonposd quared areipautzowut Aue 10 yuared ayeuHIM SUL“ Arempisqns ® Jjasit st uared 94 “W tip stusurorers efoueuy poreprfostoo ywosaud you pou wared w ‘SINS 40} Sl PUN ‘Aygu paurguiog “a Ayqus porwsodiooumy, “3 Auua payjonuos

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