On the 1 June,Hazel Ltd Commenced Business with $10,000 Cash

question 22

Multiple Choice

On the 1 June,Hazel Ltd commenced business with $10,000 cash and immediately purchased 2000 sprockets for $5 each.On the 30 June it sold all the units for $10.The current cost of the units on 30 June was $5.50 each.Under the physical capital perspective,what would be the capital maintenance adjustment for Hazel Ltd for June?

• A)$1000
• B)$2000
• C)$9000
• D)$10,000

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The characteristic of being unusual or not conforming to standard norms.

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