19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivab

19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowance for receivables to the equivalent of 5 per cent of the trade receivables based on past events.

What figure should appear in the income statement for these items?

A $61,000

B $22,000

C $24,000

D $23,850

您可能感兴趣的试题

20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.

答案解析
22 Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 Presentation of financial statements?

答案解析
23 The capital structure of a company at 30 June 2005 is as follows:

答案解析
24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:

答案解析
1 Flavours Fine Foods is a leading producer for the food industry, supplying many of Europe’s leading restaurants.

答案解析
(b) Explain in the context of Flavours Fine Foods, what is meant by:

答案解析