PAS 24 requires the disclosure of key management personnel compensation. Which of the following is not included in this disclosure? *       termination benefits       share-based payment       reimbursements of officers’ out-of-pocket expenses       short-term employee benefits

If an employer contributes to an Health Savings Account (HSA) on behalf of an employee, a. Is the contribution deductible by the employee? Yes No b. Is the payment considered income to the employee? Yes No

On October 1, 2015, PCU Company purchased machinery for P1,900,000. Salvage value was estimated to be P100,000. The machinery will be depreciated over eight years using the sum-of –years’ digits method. If depreciation is computed based on the nearest full month, how much should PCU record as depreciation expense for 2020?

Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?