ABM2 Q2.docx - Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus Dapitan city

ABM2 Q2.docx - Republic of the Philippines JOSE RIZAL...

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Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus, Dapitan city SENIOR HIGH SCHOOL- ABM STRAND FUNDAMENTALS OF ABM 2 NAME: DATE: PROGRAM & YEAR: GENDER: M( );F( );L( );G( );B( );T( ) GENERAL INSTRUCTION: Apply everything that you have learned from the previous discussion. Understand carefully each question and answer it with strict diligence. Use only ball pen, of any color, in answering. Make your answer clean and sure. Any mark of alteration/s will invalidate your answers. PART I Indicate the proper classification or presentation of the items below. Use the following classifications, write only the letter of your choice: A. Current Assets B. Noncurrent Assets C. Current Liabilities D. Noncurrent Liabilities E. Equity Items ________1. Financial assets held for trading ________2. Investments ________3. Estimated warranty liability ________4. Sinking fund for the payment of bond payable due next year ________5. Instalments accounts receivable, average normal collection period, 18 months ________6. Loans Payable ________7. Owner’s Capital
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  • Spring '18
  • Generally Accepted Accounting Principles, A. Current assets, Jose Rizal Memorial State University, B. Noncurrent Assets, SENIOR HIGH SCHOOL- ABM STRAND, Acc. Depreciation- Machines

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