As at 30 June 2012,net Accounts Receivables Was $57 000,and

question 77

Multiple Choice

As at 30 June 2012,net accounts receivables was $57 000,and the allowance for doubtful debts was $3000.On 30 June 2013,the respective balances were $64 000 and $4000.Assuming there were no other temporary differences,what is the journal entry to adjust for the changes in these balances as at 30 June 2013? The corporate tax rate is 30%.

• A) \(\begin{array}{|l|l|r|r|}
• \hline30 june2013\\
• \hline \mathrm{Dr} & \text { Deferred tax asset } & \$ 1000 & \\
• \hline \mathrm{Cr} & \text { Income taxation expense } & & \$ 1000\\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|l|r|r|}
• \hline30 june2013\\
• \hline \mathrm{Dr} & \text { Income taxation expense } & \$ 1000 & \\
• \hline \mathrm{Cr} & \text { Deferred tax liability } & & \$ 1000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|l|r|r|}
• \hline30 june2013\\
• \hline \mathrm{Dr} & \text { Deferred tax asset } & \$ 300 & \\
• \hline \mathrm{Cr} & \text { Income taxation expense } & & \$ 300 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|l|r|r|}
• \hline30 june2013\\
• \hline \mathrm{Dr} & \text { Income taxation expense } & \$ 300 & \\
• \hline \mathrm{Cr} & \text { Deferred tax liability } & & \$ 300 \\
• \hline
• \end{array}\)

Learn about the relationship between truck operation costs and tire management.

Understand the fundamentals of tire deflation and the role of Schrader valves across various vehicles.

Identify the legal tread groove depth requirements for steer axle and trailer tires.

Comprehend tire sizing, including the aspect ratio and its significance.

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Definitions:

Bailor

A bailor is a person or entity that entrusts their property to another (the bailee) under a bailment agreement, where the property is to be returned or otherwise disposed of according to the bailment terms.

Bailee Liability

The legal responsibility of a bailee, someone temporarily holding property for another, for damage or loss of the property.

Car Wash Headquarters

A central office or main location from which the operations of multiple car wash facilities are managed or directed.

Lost Property

Items that are unintentionally left by their owner, who then becomes disconnected from them and does not know where to find them.