ADVANCED FINANCIAL ACCOUNTING AND REPORTING DE LEON/DE LEON

FIRST PRE-BOARD EXAMINATION August 7, 2022

Multiple Choice. Select the letter that corresponds to the best answer. This examination consists of
70 items only. The exam is good for three (3) hours. Good luck!

1. Partnership net income is defined as

a. the interest allocation to the partners, based on weighted average invested capital
b. partnership income after deducting partner salaries and interest.
c. partnership income after deducting partner salaries.
d. partnership income before deducting salaries and interest.

2. A partnership's income-sharing ratio

a. applies to partnership income after salaries and interest are deducted
b. applies to partnership income before salaries are deducted.
c. applies partnership income after salaries are deducted but before interest is deducted.
d. applies to partnership income before both salaries and interest are deducted.

3. When can the bonus method be applied?

a. When a partnership is formed
b. When a new partner is added to the partnership
c. When an existing partner retires from the partnership
d. The bonus method can be applied in all three of the above circumstances

4. Which of the following statements is correct with regard be used by a to drawing accounts that may be
used by a partnership?
a. Drawing accounts are closed to the partners' capital accounts at the end of the accounting period
b. Drawing accounts establish the amount that may be taken from the partnership by a partner in a given
time period
c. Drawing accounts are similar to Retained Earnings in a corporation
d. Drawing accounts appear on the balance sheet as a contra-equity account

5. Which of the following interest component calculation bases is least susceptible to manipulation when
allocating profits and losses to partners?
a. Beginning capital account balance
b. Average of beginning and ending capital account balances
c. Weighted average capital account balance
d. Ending capital account balance

6. The financial reports for a corporate bankruptcy liquidation are:

a. Balance sheet and statement of affairs
b. Statement of affairs and statement of realization and liquidation
c. Balance sheet and income statement
d. Statement of affairs and income statement

7. Which one of the following assets of a corporation is most likely to realize the smallest percentage of its
book value in bankruptcy?
a. accounts receivable
b. Plant &equipment
c. Goodwill
d. Inventories

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8. Which of the following is not included in the category of unsecured liabilities with priority in a liquidation
case?
a. unpaid wages
b. amounts due to the BIR
c. amounts due to suppliers
d. administrative expenses of the trustee

9. In the statement of affairs, the expected recovery percentage for a company's unsecured creditors is
calculated as
a. net free assets divided by unsecured liabilities
b. net free assets divided by unsecured liabilities plus liabilities with priority
c. total free assets divided by unsecured liabilities other than unsecured liabilities with priority
d. total free assets divided by unsecured liabilities plus liabilities with priority

10. The investment in Branch accounting has a balance that equals the account of the branch?
a. Home Office Account
b. Liability
c. Asset
d. None of the above

11. A home office, month-end allocation of previously recorded advertising expenses to a branch requires the
following entry on the home office's books:
Debit Credit
a. Investment in Branch Advertising Expense
b. Home Office Capital Advertising Expense
c. Investment in Branch Accrued Liabilities
d. Branch Income Home Office Capital

12. The Shipments to Branch ledger account in the accounting records of the home office of a business
enterprise:
a. Is an asset valuation account
b. Indicates thot the home office uses the periodic inventory system
c. Is adjusted at the end of the accounting period to equal the unrealized profit in the branch's ending
inventories
d. Is not displayed in the home office's separate financial statement

13. Both a home office and a branch Use the periodic inventory system. If at the end of an accounting period
the balance of the branch's Home Office ledger account does not agree with the balance of the home
office's Investment in Branch account because of a shipment of merchandise in transit from the home
office to the branch:
a. The home office debits Investment in Branch and credits Shipments in Transit to Branch.
b. The branch debits Home Office and credits Shipments in Transit from Home Office.
c. The home office debits Shipments in Transit to Branch and credits Investment Branch..
d. The branch debits Shipments in Transit from Home Office and credit Home Office.

14. Goodwill is attributed to both the owners of the parent and non-controlling interests (NCI) if
a. the NCI is measured at 'proportionate share.
b. the NCI is measured at 'fair value'.
c. in both a and b
d. the goodwill is big

15. How is the non-controlling interest in the subsidiary’s net assets presented in the consolidated statement
of financial position?
a. As a mezzanine item between liabilities and equity
b. Within equity but separately from the equity of the owners of the parent. .
c. Within equity as part of retained earnings
d. Any of these as a matter of accounting policy choice
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16. A company owning a majority (but less than 100%) of another's voting shares on the date of acquisition
should account for its subsidiary
a. by including only its share of the fair market values of the subsidiary's net assets
b. by including only its share of the book values of the subsidiary's net assets
c. by including 100% of the fair market values of the subsidiary's net assets.
d. by including 100% of the fair market values or the subsidiary's net assets and accounting for any
unowned portion or the subsidiary's voting shares using the Non-Controlling interest account

17. Which of the following does not affect the computation of the noncontrolling interest in the net assets of a
partially owned subsidiary?
a. Dividends declared by the subsidiary
b. Impairment of goodwill recognized in the business combination
c. Depreciation and amortization of differences between current fair values and carrying amounts of the
subsidiary's identifiable net assets on the date of the business combination
d. All of the above answers are correct

18. When are profits from intercompany land sales realized?

a. They ore realized only when sold to outsiders.
b. They are realized once legal ownership of the land has been transferred.
c. They are realized when consideration has been received for the land.
d. They are realized when an agreement is signed with respect to ownership of the land

19. Which of the following is not an intercompany transaction?

a. The parent company acquires inventory from the subsidiary
b. The subsidiary purchases a machine from another subsidiary
c. The parent purchases inventory from a supplier
d. The subsidiary purchases the parent’s bond payable from an independent investor

20. The parent acquires inventory from a subsidiary. On whose financial records is this intercompany
transaction recorded?
a. The books of the subsidiary only because the subsidiary made the sale and the consolidated financial
statements are prepared for the parent company stockholders
b. The books of the parent only because the parent knows the subsidiary's identity so the parent knows it
is an intercompany transaction
c. Neither the parent nor the subsidiary would record the transaction because it is an intercompany
transaction
d. The parent and the subsidiary both record the transaction and it is eliminated during the consolidation
process.

On March 31, 2022, Emong, Bobby, and Ramil formed the POGI Partnership to operate a CPA review center. The
following is a list of their contributions at that date:

Emong Bobby Ramil

Book Value Fair value Book Value Fair value Book Value Fair Value
Cash P132,000 P132,000 P100,000 P100,000 P120,000 P120,000
Inventory 80,000 75,000
Land 150,000 188,000
Equipment,
net ________ ________ ________ ________ 90,000 90,000
Totals P282,000 P320,000 P180,000 P175,000 P210,000 P210,000

Bobby has an accounts payable of P50,000 on the inventory and Ramil has a mortgage payable of P60,000 on
the equipment. The partners have agreed to assume only the mortgage payable but not the accounts payable.
They further agreed for the capital ratio to be 50%, 20%, and 30% to Emong, Bobby, and Ramil, respectively.:

The partnership starts operation on April 1, 2022 and on December 31, 2022 reported a net income of P305,400.
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The following is the profit and loss agreement among the partners
• 10% interest to each partner’s beginning capital
• Salaries of P30,000 per quarter will be given to Emong and Ramil
• Bonus of 10% of net income after interest, salaries, and bonus will be given to Emong.
• Residual profit/(loss) will be divided equally.

21. How much is the net asset contribution of Ramil?

a. P210,000 c. P175,000
b. P150,000 d. P125,000

22. What is the beginning capital of Partner Bobby?

a. P352,500 c. P129,000
b. P211,500 d. P141,000

23. Share of net income of Partner Emong on December 31, 2022?

a. P149,210 c. P148,035
b. P261,715 d. P144,531

24. The capital balance of Partner Ramil on December 31, 2022

a. P344,495 c. P343,120
b. P485,983 d. P321,353

On December 31, 2019, the balance sheet for the XYZ Partnership follows:

Cash P 10,000 Accounts payable P 17,500

Accounts receivable 15,000 Loan from Zoilo 12,500
Inventory 35,000 Xander, capital (20%) 35,000
Plant assets, net 30,000 Ysabel, capital (20%) 25,000
Loan to Xander 15,000 Zoilo, capital(60%) 15,000
Total assets P105,000 Total liability/equity P105,000

The percentages shown are for the residual profit and loss sharing ratios. The partners dissolved the partnership
on January 1, 2020 and began the liquidation process. During January the following events occurred:
• Receivables of P7,500 were collected.
• All inventory was sold for P10,000.
• All available cash was distributed on January 31, 2020, except for P5,000 that was set aside for
contingent expenses.

25. The book value of the partnership equity, i.e. total equity of the partners on December 31, 2019 is
a. P105,000 c. P 75,000
b. P150,000 d. P 72,500

26. The cash available for distribution to the partners on January 31, 2020 is
a. P27,500 c. P 5,000
b. P17,500 d. P 10,000

27. How much cash would Ysabel receive from the cash that is available for distribution on January 31
a. P0 c. P 5,000
b. P3,000 d. P 1,000

28. How much cash would Xavier receive from the cash that is available for distribution on January 31
a. P 5,000 c. P 3,000
b. P0 d. P1,000

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The following data were taken from the Statement of Affairs of Greenfield Corporation.

Pledged Assets : BCV ERV

Plant, property, and equipment (PPE) P72,000 P60,000
Merchandise inventory 59,200 41,600
Free assets 56,000 32,000
Total assets P187200 P133,600
Secured liabilities
Bonds payable (secured by PPE) P24,000
Notes payable (secured by merchandise inventory) 48,000
Unsecured liabilities:
Taxes P 3,000
Salaries and wages 2,600 5,600
Accounts payable 89,600

29. What is the estimated amount the holders of the notes payable will receive in the event of liquidation?
a. P52,700 c. P56,200
b. P45,760 d. P57,000

30. What is the estimated amount the unsecured creditors with priority will receive in the event of liquidation?
a. P5,600 c. P7,500
b. P6,000 d. P6,200

31. What is the estimated amount holders of the accounts payable will receive upon liquidation?
a. P58,240 c. P52,480
b. P54,840 d. P89,600

32. Using the data provided for items 29-31, EXCEPT that the accounts payable is P49,600 (instead of
P89,600), compute the estimated amount the stockholders will receive upon liquidation.
a. P10,400 c. P14,000
b. P 0 d. P 6,400

The balance sheet of Abby, Blanche, and Celia partnership on January 1, 2019, the date of partnership
dissolution, was as follows:

Cash P 4,000 Liabilities P 8,000

Other assets 26,000 Abby, loan 1,000
Celia, loan 2,000 Abby, capital (20 % P/L) 2,000
Blanche, capital(40 % P/L) 9,000
________ Celia, capital (40 % P/L) 12,000
P 32,000 P 32,000

In January, other assets with a book value of P16,000 were sold for P10,000.

33. How much will each partner receive from the cash distribution after the liabilities had been paid.
a. Abby, P1,200; Blanche, P1,800; and Celia, P3,000
b. Abby, P 0; Blanche, P2,500; and Celia P3,500
c. Abby P1,800; Blanche , P1,800; and Celia, P2,400
d. Abby, P 0; Blanche, P2,000; and Celia, P 4,000

34. If the partners have retained available cash of P400 for future liquidation expenses, after the liabilities
have been paid, how much will Blanche receive from the cash distribution?
a. P1,800 c. P2,500
b. P2,000 d. P2,300

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Amounts related to the statement of affairs of Distressed Company as of April 30, 2019 follow:

Assets pledged for fully secured liabilities P 80,000

Assets pledged for partially secured liabilities 50,000
Free assets 272,000
Fully secured liabilities 60,000
Partially secured liabilities 80,000
Unsecured liabilities with priority 40,000
Unsecured liabilities without priority 330,000

35. Calculate the expected amount recoverable by partially secured creditors in the event of liquidation.
a. P71,000 c. P69,500
b. P50,000 d. P80,000

The Statement of Affairs of RBD Enterprises show the following balances

Estimate gains on realization of assets P 945,000

Estimated losses on realization of assets 1,695,000
Contingent assets 750,000
Current assets 100,000
Other assets 1,200,000
Liabilities 400,000
Contingent liabilities 225,000
Capital stock 1,500,000
Retained earnings, deficit (600,000)

36. Determine the amount the stockholders may recover in the event of liquidation.
a. P0 c. P125,000
b. P675,000 d. P600,000

37. Determine the estimated deficiency to unsecured creditors

a. P0 c. P225,000
b. P875,000 d. P600,000

GREEN BERET, INC. is very financially distressed and the Securities and Exchange Commission ordered its
prompt liquidation. The company has the following assets at this point:

Book Value Fair Value

Current assets P 64,000 P 28,000
Land 80,000 72,000
Buildings 56,000 61,600
Equipment 24,000 26,400

The company’s liabilities at the same date are as follows:

Income taxes P 6,400

Notes payable, secured by land 96,000
Accounts payable 68,000
Salaries payable 4,800
Bonds payable 56,000
Administrative expenses for liquidation 16,000

38. Calculate the estimated net amount available for the payment of non-priority claims
a. P 88,800 c. P 86,400
b. P 100,000 d. P109,600

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39. Calculate the amount of estimated payment to holders of note payable in the event of liquidation.
a. P 88,800 c. P 86,400
b. P100,000 d. P109,600

The Chou Branch reported a net income of P60,000 for the month of December, 2020.

The branch inventories consisted of: 12/01/20 12/31/20

Shipped from Home Office P 70,000 P 84,000
Local purchases 10,000 16,000
Total P 80,000 P100,000

The branch recorded shipments from the home office of P350,000 during the month. There are no shipments in
transit at December 31, 2020.

After effecting the necessary adjustments, the Home Office ascertained the true branch net income to be
P156,000.

40. At what percentage of cost did the home office bill the branch for merchandise shipped to it?
a. 100% c. 40%
b. 140% d. 120%

41. What is the balance of the Allowance for Overvaluation in the branch inventory account at December 31,
2020?
a. P 42,000 c. P24,000
b. P 41,000 d. P14,000

The Dasmarinas Corporation operates a branch in Calamba City. The home office ships merchandise to the
branch at more than cost. Selected information Selected information from the December 31, 2022 trial balances
are as follows:

Home Office Books Branch Office

Books
Sales P600,000 P300,000
Shipment to Branch 200,000
Purchases 350,000 -
Shipment from Home office 230,000
Inventory, January 1 100,000 40,000
Allowance for overvaluation of branch inventory 58,000
Expenses 120,000 50,000
Inventory at December 31, 2022
Home office P30,000
Branch office P40,000

Merchandise shipment in transit at December 31, 2022 is P20,000 at billed price.

42. The net income reported by the home office for its 2022 operation is:
a. P260,000 c. P 20,000
b. P 38,000 d. P200,060

43. The net income reported by the branch for its 2022 operation is
a. P20,000 c. P260,000
b. P200,060 d. P 38,000

44. How much is the overstatement of the cost of sale in the branch 2022 income statement resulting from
the home office billing policy?
a. P46,000 c. P20,000
b. P38,000 d. P 0
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45. How much is the cost of sales in the company’s 2022 income statement?
a. P404,000 c. P400,400
b. P440,000 d. P400,040

46. How much net income was reported in the company’s 2022 income statement?
a. P362,000 c. P236,000
b. P263,000 d. P326,000

A reconciliation of the Investment in branch account in the Home Office of Santiago Company and the Home
Office account carried on the books of its Roxas branch showed the following discrepancies at December 31,
2022.

• Collection of branch account receivable by the home office, P800. The branch was not notified.
• Shipment in transit to branch on December 31, 2022, P3,200.
• Cash remittance in transit by the branch to the home office on December 31, 2022, P500.

The home office account on the branch books has a credit balance of P44,000 at December 31, 2022.

47. How much is the unadjusted balance of the Investment in Branch account on the home office books at
December 31, 2022?
a. P49,600 c. 46,000
b. P50,100 d. P46,900

48. How much is the adjusted balance of the reciprocal accounts on December 31, 2022.
a. P47,200 c. P40,000
b. P46,400 d. P46,000

49. A branch ending inventory of merchandise amounts to P50,000. The branch’s poet-closing trial balance
shows the Allowance for overvaluation of branch inventory account at P6,000 due to the home office
practice of shipping merchandise to the branch at 20% above cost. The merchandise purchased from other
vendors contained in the ending inventory of the branch amounts to
a. P38,000 c. P30,000
b. P18,000 d. P14,000

Primavera Company owns 80% of the outstanding shares of Tan Company since July 1, 2019. The carrying
amounts of the identifiable net assets of Tan Company approximate their fair value at the date of acquisition.
On January 1, 2020, Tan Company transferred equipment to Primavera equipment costing P125,000 with
accumulated depreciation of P37,500, for P80,500 cash. The equipment had an estimated remaining life of 7
years from the date of the transfer.

Their separate condensed income statements for year 2020 are as follows:

Primavera Company Tan Company

Revenues P1,120,000 P 908,000
Expenses (400,000) (300,000)
Net profit P 720,000 P 608,000

The net profit of Primavera does not include any inter-company income. Primavera declared dividends of
P180,000.

50. Calculate the consolidated net income for 2020

a. P1,334,000 c. P1,343,000
b. P1,433,000 d. P1,330,400

51. The amount of consolidated net income attributable to the shareholders of Primavera is
a. P1,201,600 c. P1,211,200
b. P1,211,000 d. P1,195,000
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52. The amount of consolidated net income attributable to the non-controlling interests of Tan Company
a. P 120,400 c. P 122,800
b. P 121,600 d. P 118,800

53. If the consolidated retained earnings at December 31, 2020 is P2,500,000, determine the amount of
consolidated retained earnings at January 1, 2020.
a. P1,468,800 c. P1,648,800
b. P1,486,800 d. P1,864,800

54. On July 1, 2019, Pasay Company, an SME, paid P755,000 cash for the net assets of Stir Company. The
recorded assets and liabilities of Stir are: Cash, P74,000; Inventory, P215,000; Land, P200,000; Buildings
(net), P208,000; and liabilities, P220,000. At the same date, Stir’s inventory had a fair value Of P184,000; the
land, P271,500; and the building (net) P187,500.Pasay Company incurred direct costs of P55,000 and
indirect expenses of P20,000.

Determine the amount of goodwill resulting from the business combination on December 31, 2019.
a. P 313,000 c. P258,000
b. P 297,350 d. P281,700

On July 15, 2020, Diggie Corporation, whose functional currency is Phl peso, sells merchandise worth
US$100,000 from an American buyer, payable in 30 days under an open account arrangement. On August 15,
2020, Diggie receives in full the payment in US dollars.

The following information on foreign currency spot rates is provided:

Buying Selling
July 15, 2020 P52.03 P52.14
August 15, 2020 51.10 51.22

55. Diggie’s foreign currency exchange gain or (loss) recognized in 2020 is

a. P(93,000) c. P93,000
b. P(92,000) d. P92,000

56. How much in peso term did Diggie receive from the US buyer on August 15, 2020?
a. P5,203,000 c. P5,110,000
b. P5,220,000 d. P5,214,000

Strait Company, a Philippine firm, purchased goods from an overseas supplier for FC450,000 on November 30,
2019. Strait Company paid for the goods on January 31, 2020. They were not sold to third parties until February
of 2020.

Exchange rates were: FC = P1

30 November, 2019 1.50
31 December, 2019 1.45
31 January, 2020 1.55

57. What is the exchange difference that should be reported in profit or loss for the year ended 31 December,
2019?
a. P 9,677 gain c. P 9,677 loss
b. P10,345 loss d. P10,345 gain

58. At what amount should the goods be included in inventory in the balance sheet at December 31, 2019?
a. P290,323 c. P300,000
b. P310,345 d. P290,233

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Aristocrat Corp. bought goods from Hippo Enterprises, a foreign vendor, for FC230,000 on 31 October, 2019. At
this date, the exchange rate was FC 2.3: P1. Aristocrat paid FC130,000 of the balance on 30 November, 2019 in
accordance with Hippo’s terms. On that date, the exchange rate was FC 2.1: P1. Aristocrat’s year-end is 31
December, 2019 and on that date the exchange rate was FC 1.8: P1. The balance was settled by Aristocrat at
the end of January, 2020 when the exchange rate was FC 2: P1.

59. What exchange difference is recorded in Aristocrat’s profit or loss on 30 November, 2019:
a. P12,078 gain c. P12,078 loss
b. P 5,383 loss d. P 5,383 gain

60. What exchange difference is recorded in Aristocrat’s profit or loss at 31 December, 2019, for the remaining
accounts payable?
a. P 5,383 gain c. P12,078 gain
b. P 5,383 loss d. P12,078 loss

On August 4, 2019, Jundel Company, whose functional currency is Philippine peso, borrowed FC250,000 from a
bank, evidenced by an interest-bearing note due in one (1) year.

Exchange rates for the FC were: August 4, 2019 P1.59

Dec. 31, 2019 P1.55
August 4, 2020 P1.61

Interests are ignored for simplicity.

61. What exchange gain or loss appeared on Jundel’s 2019 income statement?
a. a gain of P15,000 c. a loss of P15,000
b. a loss of P10,000 d. a gain of P10,000

Rambutan Company issues 400,000 shares of its own P10 par common stock for all the net assets of Coconut.
Inc. on August 4, 20X0. On this date Rambutan’s stock is quoted at P20 per share. Summary balance sheet data
for the two companies at August 4, just before the merger are as follows:

Rambutan Coconut
Current assets P18,000,000 P 1,500,000
Plant and Property 22,000,000 6,500,000
Total assets P40,000,000 P 8,000,000
Liabilities P12,000,000 P 2,000,000
Share capital, P10 par 20,000,000 3,000,000
Share premium 3,000,000 1,000,000
Retained profit 5,000,000 2,000,000
Total equities P40,000,000 P 8,000,000

Out of pocket costs for the acquisition are as follows:

Direct acquisition costs P 120,000

Indirect acquisition costs 15,000
Stock registration and issuance costs 10,000

Assume the fair value of Rambutan’s net assets is P30,000,000 and Coconut’s net assets is P9,000,000.

62. The total net assets shown on the balance sheet of Rambutan just after the business combination is
a. P48,855,000 c. P36,860,500
b. P48,665,000 d. P36,855,000

63. The amount of retained profit shown on the same balance sheet just after the business combination will be
a. P4,855,000 c. P6,865,000
b. P5,865,000 d. P5,855,000
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64. Using the same information in Item 62 but assuming Rambutan’s stock is selling at P22.81 each, calculate
the goodwill from the business combination
a. P124,000 c. P214,000
b. P142,000 d. P140,200

The condensed balance sheets of X Company, Y Company, and Z Company as of December 31, 20X0 are
shown below:

X Company Y Company Z Company

Assets P2,000,000 P2,750,000 P 250,000
Liabilities P1,425,000 P 750,000 P 87,500
Share capital, P5 par 750,000 500,000 125,000
Additional paid-in capital
- 200,000 62,500
Retained Earnings(Deficit)
(175,000) 1,300.000 ( 25,000)
Total equities P2,000,000 P2,750,000 P 250,000

X Company’s stocks has a market value of P7.50 per share while the other companies have no available stock
market quotations. X Company acquired the net assets of the other companies by issuing, in exchange, unissued
shares of its stocks as follows: 300,000 shares to Y Company and 25,000 shares to Z Company. The net assets
of the acquired are fairly valued at acquisition date.

65. How much goodwill would X Company recognize from these acquisitions?
a. P0 c. P325,000
b. P275,000 d. P812,500

66. How much will be the total stockholders’ equity of X Company just after the acquisition of Y and Z
companies?
a. P3,362,500 c. P3,632,500
b. P3,120,500 d. P3,012,500

On January 1, 20X1, West Corporation purchased 80% of the common stocks of Fast Company. Separate
balance sheets for the companies at acquisition date are as follows:

West Corp Fast Co. FMV

Cash P 12,000 P 119,000
Accounts receivable 72,000 13,000
Inventory 66,000 19,000 29,000
Plant assets, net 230,000 120,000 140,000
Investment in Fast 196,000 _________
Total assets P 615,000 P 271,000
Accounts payable P 103,000 P 71,000
Capital stock 400,000 150,000
Retained earnings 112,000 50,000
Total equities P 615,000 P 271,000

67. Goodwill (income from combination) to be recognized by West Corp. at date of acquisition is
a. P 45,000 c. P 15,000
b. (P 26,000) d. (P 34,000)

68. Total assets on the consolidated balance sheet at date of acquisition is

a. P 735,000 c. P 720,000
b. P 931,000 d. P 705,000
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69. Non-controlling interest in net assets assigned as of January 1, 20X1 is
a. P 39,200 c. P 46,000
b. P 40,000 d. P 49,000

70. The total stockholders’ equity in the consolidated balance sheet is

a. P576,000 c. P712,000
b. P761,000 d. P561,000

End of Examination

(Pleases ignore the extra answer options in the answer sheet after number 70)

Thank you for participating in

Team PRTC Nationwide Online Open First Pre-Board Examination for October 2022 LECPA!

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