Patulong pooo
Home Accounting 531 Expenses 40,000 10,000 Home office Inventory, beg. 80,000 Branch @ billed price (excluding 520 freight) 30,000 Home office 10,400 - Branch: From outsiders How much are (1) the individual profit of the home office and (2) 7,500 From HO billed @ 120% above cost the true profit of the branch, respectively? 24,000 a. 30,470; 870 Inventory, end c. 20,000; 870 b. 20,000; 10,470 Home office 55,000 d. 30,470; 10,470 - Branch: (RPCPA - Adapted) From suppliers 5,500 From home office 19. Entity X has several branches located in key cities in the south 21,000 namely, Cebu, Mactan, Iloilo, Bacolod, Davao, and Cagayan How much is the merchandise in-transit at year end (at billed de Oro. It authorizes transfers of cash and inventories among price) and how much is the combined cost of goods sold? branches. The head office ships goods (P10,000 cost) to Cebu a. 5,000; 241,200 c. 3,500; 242,400 branch paying freight of P600. The home office authorizes the b. 5,000; 240,000 d. 3,500; 245,200 transfer of goods from Cebu branch to Davao branch where the latter is charged for the cost of the goods (P10,000) and (RPCPA - Adapted) freight charge (P200) for the transfer. If the shipment had been 18. Information relating to a home office and a branch as of Dec. made by the home office directly to the Davao branch, the 31, 20x1 is as follows: freight charge would have been P900. The transfer resulted to Home office difference in freight charge which should be disposed of as Delits Branch Inventory, Jan. 1 23,000 11,550 follows: Branch 58,300 a. P100 savings. 190,000 105,000 b. P100 charge to Davao branch by Cebu branch. Purchases Freight-in from home office 5,500 c. P100 charge to Davao branch by Head Office. Sundry expenses 52,000 28,000 d. P100 to be equally charge among head office, Cebu branch and Davao branch. Credits 53,300 (RPCPA) Home office 155,000 140,000 Sales 20. Entity A's home office is located in Bontoc while its two Sales to branch 110,000 branches are located in Samoki and Tadian. The home office Allowance for markup - Jan. 1 1,000 ships goods, billed at cost of P100,000, to the Tadian Branch, The branch gets all of its merchandise from the home office. and pays freight of P10,000. Subsequently, the home office The home office bills the goods at cost plus a 10% mark-up. At instructs Tadian Branch to ship the goods to Samoki Branch. Dec. 31, 20x1, a shipment with a billed value of P5,000 was still Tadian Branch pays freight of P11,000. Had the home office shipped the goods directly to Samoki Branch, the freight in transit. Freight on this shipment was P250. Inventories on Dec. 31, 20x1, excluding the shipment in transit would have been only P2,000. Which of the following statements is incorrect ? 532 Chapter 11 a. If none of the goods were sold at year-end, Samoki Branch will report ending inventory of P102,000. b. Samoki Branch recognizes loss of P19,000. c. The home office should credit the Investment in Tadian Branch account for P121,000. d. The home office recognizes loss of P19,000
