Title II. CONTRACTS
Chapter I. General Provisions
Contract - is a meeting of minds between two persons whereby one binds himself, with
respect to the other, to the fulfillment to give, to do or not to do.
One of the sources of obligati
Validly agreed upon
Presence of lesion or pecuniary prejudice to one of the paries or a third person
Rescission be based upon a case provided by law
It must be a subsidiary remedy
There must restitution b
Leases (IAS 17)
CASE STUDY 1
An entity enters into a lease agreement on July 1, 2018 that lasts for seven years. The assets
economic life is 7.5 years. The fair value of the asset is P5 million, and lease payments of
P450,000 are payable every six m
Quiz 2 (Chapter 2: Premium & Warranties)
Like Company manufactures a special product. To promote the sale of the product, a premium is offered to customers
who send in five wrappers and remittance of P25. The distribution cost per premium is P5. Data for
_1. Some liabilities, such as trade payables, accruals for employee and other operating costs, are expected to be
settled in more than twelve months after reporting period. How will an entity classify these items in the
statement of financial posit
Quiz 6 (Chapter 8 & Chapter 9)
On July 1, 2014, Look Company borrowed P1,000,000 on a 10% five-year interest-bearing note. On December 31, 2014, the
fair value of the note is determined to P975,000. The entity has elected the fair value option.
1. On Dece
Quiz 4 (Chapter 5)
Swan Inc. purchased P400,000 of SM Corporations 5-year bonds with a stated interest rate of 8% payable semiannually. Swan acquired the bonds at 10% yield rate.
1. What is the purchase price of the bonds? _
2. What is the discount or pre
XAVIER INSTITUTE OF MANAGEMENT &
A Case Study
Jenkin J S-52
Quiz 10 (Chapter 15)
Chris Company is in the first year of operations. The entity reported pretax income of P4,000,000 and recorded the
Premium on life insurance of key officer
Depreciation on tax return in excess of book depreciat
The following are costs related to restructuring: fundamental change in operations, retraining staff,
change in management structure, and sale of a line of business.
Gains from the expected disposal of assets may be taken into account when measuring a pr
Quiz 8 (Chapter 12)
Dane Company leased an asset to another entity on January 1, 2014. A third party guaranteed the residual value of
the asset under the lease, estimated to be P1,200,000 on January 1, 2019, the end of the lease term. The lease is
Discussion & Analysis
S A N M I G U E L B R E W E RY I N C .
OUR PRIORITY NOW
IS TO DELIVER ON THE
Lesson Plan #: AELP-AST0202
Stars and Constellations
An AskERIC Lesson Plan
Submitted by: Kathryn McKenzie
School/University/Affiliation: University of Pittsburgh at Johnstown
Date: September 8, 2003
Grade Level: 2, 3
Pictures in the Sky
Teacher Information: Constellations are images of human and animal figures in the sky, using the
stars much like a dot-to-dot picture. They were originally distributed symmetrically around a point
directly above Earths North Pole at th
SOAL ASISTENSI AKUNTANSI KEUANGAN 2
AAA Co. produces stage and sound system for festival. Most of its revenues come from major
firm in industry. The balance of its s
By the end of this project, students should be able to:
"Connect the dots" to form constellations from stars
Compare their perspectives to the perspectives of other students and ancient peoples
Recognize a few famous const
The Big Dipper
The Big Dipper is by far the easiest grouping
of stars to recognize because five of the
seven stars are very bright and can even be
seen by people living in cities. However, the
Big Dipper is not a true constellation. It is part
of a larger
A FINANCIAL ANALYSIS OF JOLLIBEE FOODS CORPORATION
FOR THE YEARS 2014-2015
Bigwas, Katrina Nicole M.
Lacre, Venz I.
Lipang-Lipang, Lovely S.
Togonon, Carl Fredrich C.
Actng 5 ACC
Mr. Abel Nicolo L. Yu, CPA, MBA REB
February 18, 2017
Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage,
calculated by dividing a companys total liabilities by its stockholders' equity The debt-equity
ratio measures the proportion of the total assets that are
Lesson Plan by Kelsey Morris
Lesson Length: 40 minutes
Age or Grade Intended: 3rd Grade
Indiana State Standards
3.3.2 (Science) - Observe and describe that there are more stars in the sky tha
These flashcards can be used to teach many of the constellations seen from the Northern
Hemisphere. Although, there are 88 recognized constellations in both the northern
The Seven Sisters. (8)
A summer constellation: a half man and half scorpion monster. (8)
A summer constellation: the Scales. (5)
A northern circumpolar constellation that looks like an M. (10)
An autumn constellation: the Goat Fish or Se
State True or False
The / symbol can be used for single line as well as multi line comments.
C+ does not recognize the comment symbols /* and */.
C+ was originally known as C with
Fast food restaurants continue its presence in the Philippine market for more
than twenty years. Up to now, these companies never ceases to maintain its presence
to capture the desired market. Using the financial statements of Jollibee for the ye
Beck, I.L., McKeown, M.G., Hamilton, R.L., & Kucan, L. (1997). Questioning the author:
An approach for enhancing student engagement with.
Bredekamp H. et. al., (2017, February 27). Reading Aloud to Build Comprehension.
Retrieved March 15, 2017, from http:
January 11, 1978 (Start with 5 branches)
Quezon city, Philippines
hamburgers, chicken, french fries, soft drinks, coffee,
brunch, Salads and Desserts.
President(CEO): Ernesto Tanmantiong