Beta Co has total assets of $650,000 and profit for the year of $150,000 recorded in the financial statements for the year ended 31 December 20X3. Inventory costing $50,000, with a resale value of $75,000, was received into the warehouse on 2 January 20X4 and included in the inventory value that was recorded in the financial statements at 31 December 20X3.What would the total assets figure in the Statement of Financial Position, and the adjusted profit for the year figure, be after adjusting for this error? Total assets (SOFP) Profit for year
A、$700,000 $200,000
B、$600,000 $100,000
C、$725,000 $225,000
D、$600,000 $75,000
A、$700,000 $200,000
B、$600,000 $100,000
C、$725,000 $225,000
D、$600,000 $75,000
【参考答案及解析】
$600,000 - $50,000 = $600,000. $150,000 - $50,000 = $100,000
$600,000 - $50,000 = $600,000. $150,000 - $50,000 = $100,000