10/21/21, 10:29 AM BSA PROF 02: PRELIMINARY EXAMINATION

BSA PROF 02: PRELIMINARY

EXAMINATION
jalaine.piodos.salazar@apcas.ph.education Switch account

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LONG PROBLEM : 02

Problem 02: Histrional

As of January 1, 20x1, HISTRIONAL holds a building and a patent which are 3 points

being rented out to THEATRICAL, Inc. under operating leases. HISTRIONAL

has determined that the terms of the operating lease on the building
compared with market terms are favorable. The fair value of the
differential is estimated at ₱80,000. How much is the goodwill (gain on
bargain purchase)?

1,080,000

1,200,000

1,120,000

1,280,000

Clear selection

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10/21/21, 10:29 AM BSA PROF 02: PRELIMINARY EXAMINATION

As of January 1, 20x1, HISTRIONAL holds a building and a patent which are 3 points
being rented out to THEATRICAL, Inc. under operating leases. HISTRIONAL
has determined that the terms of the operating lease on the patent
compared with market terms are unfavorable. The fair value of the
differential is estimated at ₱80,000. How much is the goodwill (gain on
bargain purchase)?

1,080,000

1,200,000

1,120,000

1,280,000

Clear selection

As of January 1, 20x1, HISTRIONAL is renting a building and a patent from 3 points

THEATRICAL, Inc. under operating leases. HISTRIONAL has determined
that the terms of the operating lease on the building compared with
market terms are favorable. The fair value of the differential is estimated
at ₱80,000. How much is the goodwill (gain on bargain purchase)?

1,080,000

1,200,000

1,120,000

1,280,000

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