Which of the following are adjusting events for Fishcakes Ltd? The year end is 30 June...

 

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Which of the following are adjusting events for Fishcakes Ltd? The year end is 30 June 2011 and the accounts are approved on 20 August 2011. 1. Sales of year-end inventory on 4 July 2011 at less than cost 2. Issue of new ordinary shares on 10 July 2011. 3. A fire in the warehouse occurred on 16 July 2011. All stock was destroyed. 4. A major credit customer was declared bankrupt on 20 July 2011. 5. All of the share capital of a rival, Haggis Ltd was acquired on 22 July 2011. 6. On 4 August, $700,000 was received in respect of an insurance claim dated 13 February 2011. Which of the following are adjusting events for Fishcakes Ltd? Which of the following are adjusting events for Fishcakes Ltd? The year end is 30 June 2011 and the accounts are approved on 20 August 2011. 1. Sales of year-end inventory on 4 July 2011 at less than cost 2. Issue of new ordinary shares on 10 July 2011. 3. A fire in the warehouse occurred on 16 July 2011. All stock was destroyed. 4. A major credit customer was declared bankrupt on 20 July 2011. 5. All of the share capital of a rival, Haggis Ltd was acquired on 22 July 2011. 6. On 4 August, $700,000 was received in respect of an insurance claim dated 13 February 2011. Which of the following are adjusting events for Fishcakes Ltd?

Answer rating: 100% (QA)

the answers is 1 4 and 6 Adjusting events are those ... View the full answer