The amount of unaccounted receipts in december 2018

The amount of unaccounted receipts in December 2018 is:
P11,000
P13,200
P9,000
P15,100
The amount of unaccounted receipts in December 2018 is:
The amount of unrecorded/unsupported disbursements in December 2018 is:

What is the total cash shortage as of December 31, 2018?
Niagara, manufactures three products - products A, B and C. The three products are produced simultaneously in a single
production process. However, products A and B require further processing after the joint process before being ready for
sale:
Costs incurred within the joint production process:
Raw materials P 120,000
Consumable stores 10,000
Direct labor costs 50,000
Variable production overhead 45,000
225,000
Fixed production overheads allocated on the basis of use of services: 55,000
Costs incurred after the joint production process:
product A 10,000
product B 12,000
Units produced
product A 400
product B 400
product C 350
Projected Unit Selling Price
product A 300
product B 351.75
product C 198
The cost of each unit of product A is:
P250
P255
P275
P280
The total cost of product B is:
P117,000
P119,382

P129,000
P131,382
Tommy Company issued 10-year bonds on January 1, 2018. The company's year-end is December 31, and financial
statements are prepared annually. The amortization and interest schedule below reflects the bond Issuance and the
subsequent interest payments and charges.
AMORTIZATION SCHEDULE
Interest Interest Amount Carrying Value
Date Paid Expense Unamortized
01/01/18 -- -- P28,253 P471,747
12/31/18 P 55,000 P56,610 26,643 473,357
12/31/19 55,000 56,803 24,840 475,160
12/31/20 55,000 57,019 22,821 477,179
12/31/21 55,000 57,261 20,560 479,440
12/31/22 55,000 57,533 18,027 481,973
12/31/23 55,000 57,837 15,190 484,810
12/31/24 55,000 58,177 12,013 487,987
12/31/25 55,000 58,558 8,455 491,545
12/31/26 55,000 58,985 4,470 495,530
12/31/27 55,000 59,470* -- 500,000
* Adjustment due to rounding.
The bonds were issued at
A discount
A premium
Face value
Par value
What amortization method is used in the amortization schedule presented? The bonds were issued at
Straight-line method
Bonds outstanding method
Effective interest method
Declining balance method

What is the nominal (stated) interest rate of the bonds issued on January 1, 2018?
12%
11%
10%
6%
What is the effective interest rate of the bonds issued on January 1, 2018?