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Company transactions The following transactions occurred for Andrew Ltd for the year ended 30 June 2019: a Income tax expense for the current period was

Company transactions

The following transactions occurred for Andrew Ltd for the year ended 30 June 2019:

  1. a Income tax expense for the current period was determined at year-end.

  2. b Ordinary dividends declared are paid.

  3. c One shareholder sold its shares in Andrew Ltd to another company. The shares were sold at a loss.

  4. d A fire destroyed most of Andrews inventory. The inventory was uninsured.

  5. e The price of shares in Andrew Ltd fell.

  6. f Accounts payable were paid.

  7. g Andrew Ltd provided for future warranty claims.

  8. h Depreciation was charged on a building.

  9. i A provision was created for obsolete stock.

  10. j Internally generated goodwill declined throughout the year.

  11. k Andrew Ltd may be liable for damages incurred by a consumer using one of its products. It is likely that

    some payment will be required. The amount is dependent upon the outcome of a court case.

  12. l A bad debt was written off. No amount had been provided in previous years.

Required:

Which of the above transactions would result in an expense for the year?

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