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44 yet ed out of Prior to preparing the Statement of Financial Position as at 31 December 2011 adjustments are Stationery remaining unused by the

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44 yet ed out of Prior to preparing the Statement of Financial Position as at 31 December 2011 adjustments are Stationery remaining unused by the year-end is R5400 Rent income account includes R6 000 relating to the period after the year-end. A loan given to an employee is reported at R4 500 after wrongly crediting to that account an amount of R200 received as interest on the loan . As at the year end salary accrued and insurance prepaid amount to R22 500 and R4 800 respectively. The effect of making these adjustments would be to include in the Statement of financial position an additional Tag question Select one: O a. Current Asset: R9 500: Current liability: R33 900. O b. Current Asset: R14 900, Current liability: R22 500 O c. Current Asset: R10400; Current liability: R28 500. d. Current Asset: R28 500; Current liability: R14 900, an 45 out of The information relates to Carlos Pty Ltd business on 31 December 2015: On 1 January 2015, the following was extracted from the Carlos Pty Ltd's trial balance: Furniture Cost 160 000 Accumulated Depreciation33 000 Additional information Carlos Pty Ltd bought a Motor Vehicle for R65 000 on the 1st of June 2015. This vehicle was ready for use on the 30th of September. The business uses the Reducing balance method (10%) and the Straight line method (15%) to depreciate Fumiture and Vehicles respectively. How much is recorded in the Statement of Financial Position for Furniture? question Select one: O a. 114 300 O b. 176 862 O c 62562 C O d. 59 312

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