A company uses the straight line method of depreciation.Which TWO of the following are a possible explanation for a profit on disposal?
Answer(s): B,C
Which THREE of the following items would be classified as "capital transactions"?
Answer(s): B,D,E
Refer to the Exhibit.The following information is available for the period for AC Limited, a manufacturing company:The factory cost of goods completed for the period was
Answer(s): C
Refer to the Exhibit.A company that is VAT-registered has the following transaction for the month of March. All purchases were in respect of goods for resale and all items were subject to VAT at 17.5%.Opening inventory was $16,200 and closing inventory was $18,400.The gross profit for the period was
Answer(s): D
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