Corporate Liquidation - Statement of Affairs (Introduction)

Рет қаралды 42,288

5 жыл бұрын

Statement of Affairs (Introduction)
Textbook used: Advanced Financial Accounting Volume 1 2016 Edition by Mr. Antonio J. Dayag
#CorporateLiquidation #StatementofAffairs

Пікірлер: 87

@mariyatatsu3752 3 жыл бұрын

This is a life saving channel for bsa students. Thank you!

@FilipinoAccountingTutorial 3 жыл бұрын

Welcome! Masaya kaming makatulong. Keep safe!

@jaybertlijr.4817 3 жыл бұрын

Helpful talaga lalo na ngayon na online class. More power sayo Sir!

@FilipinoAccountingTutorial 3 жыл бұрын

Salamat. Keep safe ♥️♥️

@beautipool12345 2 жыл бұрын

This is the best discussion I've watched so far. Thanks sir💞💞💞

@FilipinoAccountingTutorial 2 жыл бұрын

Thanks din, Patricia 🙂 We hope this video will help you ❤️ Mag aral nang mabuti 🙂

@judyanne619 5 жыл бұрын

Preboard examination namin today and this video really helped me a lot. God bless you po for sharing your knowledge.

@FilipinoAccountingTutorial 5 жыл бұрын

Hi Judy! Thanks! Goodluck sa preboard exams!

@niki7159 3 жыл бұрын

Naalala ko pa instructor nmin sa AFAR noon, d n nga pumapasok nag failed pa ng mga estudyante niya. Kalahati sa klase nmin d nakapasa. Shout out don. Char. Sir sobrang liwanag niyo po mag explain. Himay kung himay tlga. ang swerte ng mga estudyante ngayon ksi may mga ganitong lectures n sa YT. Sna po ma topic niyo rin ung Home Office and Branch dahil halos laht ng kabatch ko takot na takot kpg naririnig ung topic n un.

@FilipinoAccountingTutorial 3 жыл бұрын

Maraming salamat Nobu. Sana makatulong ito sa iyo. Mag aral nang mabuti. Sana nakakatulong ito sa mga students, lalo na sa mga aspiring CPAs. Magandang topic 'yan Home Office and Branch. Actually gawa na ang materials namin about sa topic na 'yan. Gagawin na lang namin 'yung video kapag medyo hindi na busy sa work.

@hearty426 Жыл бұрын

Binge watchinggg in this channel everytime I need to have an in - depth understanding about a certain topic and It really helps me to understand those. thank you for this Vidlec po!

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, missy ♥️ glad it helps. Mag aral nang mabuti 🙂

@chlarissamaeurbi5957 2 жыл бұрын

Thank you so much Sir. Napakadali po ng pagkakaturo! May God bless you po!

@FilipinoAccountingTutorial 2 жыл бұрын

You're welcome, Chlarissa 🙂 Mag aral nang mabuti. God bless ❤️

@eunicemicahelasalazar3731 5 жыл бұрын

sobrang saya ko na nakita ko tong video mo sir sobrang nakakatulong thank you po keep up the good work po ang linaw nyo po mag explain

@FilipinoAccountingTutorial 5 жыл бұрын

Hi Micah! Salamat! More videos pa soon sa channel!

@jeanroserazon7485 Жыл бұрын

Malaking tulong po ang vidlec na to. Madali pong maintindihan dahil clear po yung explanation. Thank you po Sir! ❤️

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, jean 🙂 glad it is helpful. Mag aral nang mabuti ♥️

@rodelyntoquero8801 Жыл бұрын

Thank u po, nakapa informative po ng video lecture nyo💕

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, rodelyn 🙂 hope this video lecture will help you. Mag aral nang mabuti ♥️

@alaizajoyplantilla590 Жыл бұрын

Thank you po for this video lecture, napaka informative at clear po ang explanation ♥️♥️

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, Alaiza 🙂 Hope this video lecture will help you. Mag aral nang mabuti ♥️

@josepharnigo4256 Жыл бұрын

Thank you for this vidlec. Ang galing niyo po mag explain, Sir

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, joseph 🙂 hope this video lecture will help you. Mag aral nang mabuti ♥️

@charlespauldulce1569 Жыл бұрын

Thank you po, ang linaw niyo po mag explain!

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, charles 🙂 hope this video lecture will help you. Mag aral nang mabuti ♥️

@janetadjas3427 Жыл бұрын

Thank You for this vidlect Sir, big help po to understand a corporate liquidation topic...Ingats and more power❣️

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, janet 🙂 glad it helps. Mag aral nang mabuti and ingat and stay safe and more power to you too ♥️

@ricozacarias 5 жыл бұрын

Thank you po for this. Ang laking tulong po. Sana may tutorial din for partnership liquidation.

@FilipinoAccountingTutorial 5 жыл бұрын

Hi Rico! Thanks. Noted ito. Ongoing na kami sa discussion ng partnership.

@tutornimfao.3207 Жыл бұрын

Thank you po Sir sa video lecture, ang laking tulong po neto para maintindihan 'yung lesson namin

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, nimfa 🙂 masaya kami makatulong ♥️ mag aral nang mabuti 🙂

@angielyngutado2886 Жыл бұрын

Thank you , Sir. Naging malinaw po ang discussion at madaling intindihin.

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, angielyn 🙂 mag aral nang mabuti ♥️

@jenzelanncoronado5463 Жыл бұрын

thank you so much, Sir! more power po sa channel

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, jenzel 🙂 more to power to you too and mag aral nang mabuti ♥️

@jamflores3471 4 жыл бұрын

Please keep making videos po, super big help 😊

@FilipinoAccountingTutorial 4 жыл бұрын

Welcome Jam!

@joerenegallo4507 3 жыл бұрын

Thank you, Sir 💗. Congrats po sa 102K subs

@FilipinoAccountingTutorial 3 жыл бұрын

Thanks too, Joerene. Mag aral nang mabuti 🧡

@carlcalderon4494 3 жыл бұрын

Joerene Gallo Hello

@gandaganda2418 3 жыл бұрын

Pwede din po bang gamitin yung liquidation value pag walang nrv po o book value na po gagamitin non?

@apriljoyceabuyog1017 3 жыл бұрын

may vid po ba kayo tungkol sa statement of realization and liquidation corporation? thank you po.

@altheaconchada4899 Жыл бұрын

Thank you for this vidlec po super big help!

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, althea ♥️ glad it helps. Mag aral nang mabuti 🙂

@angelicahagos6051 Жыл бұрын

thank you for this video lecture po💞

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, angelica 🙂 hope this video lecture will help you ♥️

@siobhan.margarette Жыл бұрын

Thank you po for this vidlec, sir!

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, abby 🙂 hope this video lecture will help you. Mag aral nang mabuti ♥️

@trixgumatay4898 3 жыл бұрын

Hello po! Hindi po 0 nrv ng patent din po dahil intangible asset po?

@hyannaalvarez745 Жыл бұрын

Thank you for this video lecture po very clear and informative.

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, hyanna 🙂 hope this video will help you. Mag aral nang mabuti ♥️

@alexyz3211 4 жыл бұрын

applicable po ito sa govt liquidation?

@jhonandrewbautista4644 Жыл бұрын

Super helpful vid po 😁

@FilipinoAccountingTutorial Жыл бұрын

Thanks, jhon. Glad it is helpful ♥️ mag aral nang mabuti 🙂

@deidreijoiandaya8653 Жыл бұрын

Thank you po ❤

@FilipinoAccountingTutorial Жыл бұрын

You're welcome, deidrei 🙂 hope this video will help you ♥️

@mahalkitaa2ndaccountsalaba28 3 жыл бұрын

Sir pwede pahelp po na maintindihan itong problem...thank you... Rainy Co.'s financial position before its liquidation is as follows: ASSETS: Cash- 100,000 A/R- 600,000 Inventory- 900,000 Equipment- 400,000 Total- 2,000,000 Liabilities and Equity A/P- 1,600,000 Loan P.- 1,500,000 Share Capital- 2,000,000 Retained Earnings- (3,100,000) Total- 2,000,000 Transactions in the first quarter of liquidation are as follows: 90% of the accounts receivable were collected. Commission of third party collectors amounted to P108,000. The collectors expect to collect the remaining receivables in the next quarter. • Half of the inventory was sold at 80% of carrying amount. The other half is expected to be sold at 60% of carrying amount. The equipment was sold for 380,000 after it was refurbished for 50,000. 100,000 accounts payable were paid. Employee termination benefits of 100,000 were recorded and 80,000 of that amount were paid. The lender accepted 1,000,000 as full payment of the loan. Liquidation costs of 50,000 were paid. Scrap materials from clearing the warehouse were sold for 10,000. Questions: -Assets realized (1,122,000) -Gain/loss -ending bal. of cash

@sirjhemvlog2416 5 жыл бұрын

Salmat po sa videos

@FilipinoAccountingTutorial 5 жыл бұрын

Welcome Eric!

@zyerishfameendaya8160 Жыл бұрын

❤

@FilipinoAccountingTutorial Жыл бұрын

🙇‍♂️♥️

@ianreymardelacruz8469 5 жыл бұрын

What if po hindi sapat yong free assets para sa liab with priority?

@jefreyng319 5 жыл бұрын

parang impossible mangyari yun sa problem kase laging 100% dapat ang liability w/priority :)

@FilipinoAccountingTutorial 5 жыл бұрын

Hi Ian! In case na hindi sapat for liabilities with priority. Ang order ng priority ay 1. Salaries and benefits ng employees, 2. Legal expenses, 3. Taxes. Thanks!

@johnpaullara8820 3 жыл бұрын

Hello po, if the problem is silent, assumed po ba na 0 ang realizable value ng prepayments?

@FilipinoAccountingTutorial 3 жыл бұрын

Hello John Paul. Yes, 0 if silent.

@johnpaullara8820 3 жыл бұрын

@@FilipinoAccountingTutorial Thank you po. :)

@claudettepasion1976 5 жыл бұрын

Kuya magstart po kayo sana sa Chapter I ng Intermediate Accounting II

@FilipinoAccountingTutorial 5 жыл бұрын

Hi Claudette! Macocover din ang topics under intermediate accounting 2 soon. Thanks!

@maryjoyalegria9182 4 жыл бұрын

Pwede po about accounting for cooperation? Hehe thank you po 😊

@FilipinoAccountingTutorial 4 жыл бұрын

Hi Maryjoy! gagawan din nmin yan soon

@mahalkitaa2ndaccountsalaba28 3 жыл бұрын

salamat po sa vid

@FilipinoAccountingTutorial 3 жыл бұрын

Walang anuman Jean 💛

@mahalkitaa2ndaccountsalaba28 3 жыл бұрын

@@FilipinoAccountingTutorial sir pwede po pahelp na maintindihan itong problem...thank you... Rainy Co.'s financial position before its liquidation is as follows: ASSETS: Cash- 100,000 A/R- 600,000 Inventory- 900,000 Equipment- 400,000 Total- 2,000,000 Liabilities and Equity A/P- 1,600,000 Loan P.- 1,500,000 Share Capital- 2,000,000 Retained Earnings- (3,100,000) Total- 2,000,000 Transactions in the first quarter of liquidation are as follows: 90% of the accounts receivable were collected. Commission of third party collectors amounted to P108,000. The collectors expect to collect the remaining receivables in the next quarter. • Half of the inventory was sold at 80% of carrying amount. The other half is expected to be sold at 60% of carrying amount. The equipment was sold for 380,000 after it was refurbished for 50,000. 100,000 accounts payable were paid. Employee termination benefits of 100,000 were recorded and 80,000 of that amount were paid. The lender accepted 1,000,000 as full payment of the loan. Liquidation costs of 50,000 were paid. Scrap materials from clearing the warehouse were sold for 10,000. Questions: -Assets realized (1,122,000) -Gain/loss -ending bal. of cash