CMA PART 1 B
 Source: CMA 1281 1-7
The value of money
A. Varies directly with the tax rates.
B. Varies directly with government spending.
C. Varies directly with investment.
D. Varies inversely with the general level of pri
PART 1 A
 Source: CMA 1285 115
In the short run, a purely
operating at a loss will
A. Shut down.
B. Continue to operate
as long as price exceeds
average variable costs.
C. Raise the price of its
An entity shall recognize other borrowing costs as an
expense in the period in which it incurs them.
When an entity applies IAS29, it recognizes as an expense
the part of borrowing costs that compensates for inflation
Accounting for Franchise Fee Revenue
estimated cost in excess of continuing franchise fees and
provide a reasonable profit on the continuing services.
Issue: accounting by franchisors, particularly the timing of
recognizing revenue from initial fra
ATENEO DE MANILA MULTI-PURPOSE COOPERATIVE
Ateneo De Manila University, Katipunan Avenue,
Loyola Heights, Quezon City
STATEMENT OF MANAGEMENTS RESPONSIBILITY FOR FINANCIAL STATEMENTS
The management of ATENEO DE MANILA MULTI-PURPOSE COOPERATIVE is