In finalising the financial statements of a company for the year ended 30 June 20X4, which of the following material matters should be adjusted for? 1
A、customer who owed $180,000 at the end of the reporting period went bankrupt in July 20X4. 2 The sale in August 20X4 for $400,000 of some inventory items valued in the statement of financial position at $500,000. 3
A、factory with a value of $3,000,000 was seriously damaged by a fire in July 20X4. The factory was back in production by August 20X4 but its value was reduced to $2,000,000. 4 The company issued 1,000,000 ordinary shares in August 20X4.
A、All four items
B、1 and 2 only
C、1 and 4 only
D、2 and 3 only
A、customer who owed $180,000 at the end of the reporting period went bankrupt in July 20X4. 2 The sale in August 20X4 for $400,000 of some inventory items valued in the statement of financial position at $500,000. 3
A、factory with a value of $3,000,000 was seriously damaged by a fire in July 20X4. The factory was back in production by August 20X4 but its value was reduced to $2,000,000. 4 The company issued 1,000,000 ordinary shares in August 20X4.
A、All four items
B、1 and 2 only
C、1 and 4 only
D、2 and 3 only
【参考答案及解析】
These affect valuation of receivables and inventory at the end of the reporting period.
These affect valuation of receivables and inventory at the end of the reporting period.