CL2 Suggested Solution -December 2022

.pdf
School
University of Phoenix **We aren't endorsed by this school
Course
ACC BALANCE SH
Subject
Accounting
Date
Nov 3, 2023
Pages
19
Uploaded by PresidentRook5678 on coursehero.com
SUGGESTED SOLUTIONS CL2 - Financial Reporting and Governance December 2022
CL2 - Suggested Solutions December 2022 Page 2 of 19 SECTION 1 Answer 01 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Learning outcome/s: 1.1.1 Study text reference: Page 15 Correct answer: B Learning outcome/s: 1.1.2 Study text reference: Pages 5 - 7 Correct answer: C Learning outcome/s: 1.2.2 Study text reference: Page 21 Correct answer: C Learning outcome/s: 2.1 Study text reference: Page 237 Correct answer: D Learning outcome/s: 5.1.7 Study text reference: Page 67 Correct answer: C Learning outcome/s: 2.2 Study text reference: Page 194 Correct answer: D 5,000 - 1,000 - 700 Learning outcome/s: 2.3 Study text reference: Page 369 Correct answer: A
CL2 - Suggested Solutions December 2022 Page 3 of 19 1.8 1.9 1.10 (Total: 20 marks) Learning outcome/s: 2.2 Study text reference: Page 278 Correct answer: B Learning outcome/s: 2.2 Study text reference: Pages 479 - 481 Correct answer: C (1,000,000 * 1.5 * 6/12) + (1,750,000 * 6/12) = 1,625,000 Learning outcome/s: 2.2 Study text reference: Pages 296 and 297 Correct answer: C
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