The financial statements of Zetar plc are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Instructions
Visit Zetars corporate website and answer the following questions from Zctar’s 2011 annual report.
(a) From the notes to the financial statements, how does the company determine the amount of revenue to record at the time of a sale?
(b) From the notes to the financial statements, how does the company determine whether a sale has occurred?
(c) Using the consolidated income statement and consolidated statement of financial position, identify items that may result in adjusting entries for deferrals.
(d) Using the consolidated income statement, identify two items that may result in adjusting entries for accruals.