expected to produce P70,000, which must be allocated to unse P105,000. The following are some of the claims outstanding: 1. Accounting fees for APA, P1,500. 2. An unrecorded note for P1,000, on which P60 of intere 3. A note for P3,000 secured by P4,000 receivables, estir JDA. 4. AP1,500 note, on which P30 of interest has accrued, value of P1. 000 and a market value of P1 800 is pledge

expected to produce P70,000, which must be allocated to unse P105,000. The following are some of the claims outstanding: 1. Accounting fees for APA, P1,500. 2. An unrecorded note for P1,000, on which P60 of intere 3. A note for P3,000 secured by P4,000 receivables, estir JDA. 4. AP1,500 note, on which P30 of interest has accrued, value of P1. 000 and a market value of P1 800 is pledge

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Completing A Quality Audit

Section: Chapter Questions

Problem 27CYBK

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