State whether or not each of the following events would result in a liability being recognised in the accounts at 30 June.

1 Taxes for the year ended 30 June, which are not payable until September.

2 Wages to be paid on 4 July to cover the two-week period up to 30 June.

3 The company sells washing machines and gives a two-year warranty to repair or replace any faulty machines.

4 A construction company receives a $15 million advance in June on a contract. The work will commence in July.

5 The company has signed a contract to pay its managing director $1 million per annum (inflation adjusted)

for the next three years.