In finalising the financial statements of a company for the year ended 30 June 2004, which of the following
material matters should be adjusted for?
1 A customer who owed $180,000 at the balance sheet date went bankrupt in July 2004.
2 The sale in August 2004 for $400,000 of some inventory items valued in the balance sheet at $500,000.
3 A factory with a value of $3,000,000 was seriously damaged by a fire in July 2004. The factory was back in
production by August 2004 but its value was reduced to $2,000,000.
4 The company issued 1,000,000 ordinary shares in August 2004. A All four items
B 1 and 2 only
C 1 and 4 only
D 2 and 3 only B | 
发表于 2008-5-15 09:41
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