A. The following are four independent cases: No. Cases 1 2 3 4 On 15 June 2021, the Board of Directors of Kejora Bhd decided to close down their factory of baby products. On 24 June 2021, a detailed plan for closing down the factory was agreed by the Board. Letters were sent to customers warning them to seek an alternative source of supply and redundancy notices were sent to the staff of the factory. The closure of the factory is expected to be completed by 31 May 2022. The accounting cycle of Kejora Bhd ends on 30 June every year. On 30 October 2021, an employees filed a RM1,000,000 lawsuit against Musytari Bhd for damages suffered when the employees slipped and suffered a serious injury at one of the company's facilities. Musytari's lawyers believe that Musytari Bhd will not lose the lawsuit, putting the probability of future payments is possible. The company's year-end is 31 December. In July 2021, an explosion occurred at Neptun Bhd's plant, causing damages to area properties. By September 2021, no claims had yet been asserted against Neptun Bhd. Neptun's management and legal counsel concluded that it was possible that Neptun Bhd would held responsible for negligence and a reasonable estimate of the damages was RM4,000,000, In Neptun's comprehensive public liability policy contains a RM400,000 deductible clause for the damages that up to RM5,000,000. The company's year-end is 31 December. Zuhrah Bhd has a large warehouse in Busan which was acquired under a five- year rent agreement signed on 1 March 2021. The agreement is non-cancellable and Zuhrah Bhd cannot sub-let the warehouse. However, due to operational difficulties, Zuhrah Bhd shifted the warehouse to a new location. The company's year-end is 31 December. Required: a) Discuss the accounting treatment for each of the above four situations.