Are the following statements about debit entries true or false? 1 A debit entry in the cas
A、Both true
B、Both false
C、1 true and 2 false
D、1 false and 2 true
A、Both true
B、Both false
C、1 true and 2 false
D、1 false and 2 true
A.such artifacts frequently exceed in quality those already catalogued in museum collections
B.such artifacts seldom have scientific value
C.there is likely to be a continuing supply of such artifacts
D.museums are well supplied with examples of such artifacts
A、Dr Revenue $30, Cr Receivables $30
B、Dr Revenue $30, Cr Cash $30
C、Dr Receivables $30, Cr Revenue $30
D、Dr Revenue $300, Cr Receivables $300
A、$267,049
B、$275,282
C、$283,148
D、$284,931
A、$952,750
B、$949,750
C、$926,750
D、$958,950
The closing inventory at cost of a company at 31 January 20X3 amounted to $284,700. The following items were included at cost in the total: 1 400 coats, which had cost $80 each and normally sold for $150 each. Owing to a defect in manufacture, they were all sold after the reporting date at 50% of their normal price. Selling expenses amounted to 5% of the proceeds. 2 800 skirts, which had cost $20 each. These too were found to be defective. Remedial work in February 20X3 cost $5 per skirt, and selling expenses for the batch totalled $800. They were sold for $28 each. What should the inventory value be according to IAS 2 Inventories after considering the above items?
A、$281,200
B、$282,800
C、$329,200
D、None of these
A、$188,500
B、$195,500
C、$166,000
D、None of these figures
A、Overstated Understated
B、Overstated Overstated
C、Understated Understated
D、Understated Overstated
A、$10,505
B、$10,730
C、$11,480
D、$11,705
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