A business shows the following figures for the current financial year (all amounts in $millions):
$$\begin{array} { l r }
\text { Total sales } & \$ 38.0 \
\text { Operating profit } & \$ 12.0 \
\text { (a) Bad debts expense } & \$ 1.0 \
\text { (b) Interest expense } & \$ 2.0 \
\text { (c) Auditor's remuneration } & \$ 0.5 \
\text { (d) Repairs and maintenance expense } & \$ 2.5
\end{array}$$ The items that are most likely to be considered as material are:

Question

A business shows the following figures for the current financial year (all amounts in $millions):
$$\begin{array} { l r } 
\text { Total sales } & \$ 38.0 \
\text { Operating profit } & \$ 12.0 \
\text { (a) Bad debts expense } & \$ 1.0 \
\text { (b) Interest expense } & \$ 2.0 \
\text { (c) Auditor's remuneration } & \$ 0.5 \
\text { (d) Repairs and maintenance expense } & \$ 2.5
\end{array}$$ The items that are most likely to be considered as material are:

Quizplus · Accepted Answer

The Answer of A business shows the following figures for the current financial year (all amounts in $millions):
$$\begin{array} { l r } 
\text { Total sales } & \$ 38.0 \
\text { Operating profit } & \$ 12.0 \
\text { (a) Bad debts expense } & \$ 1.0 \
\text { (b) Interest expense } & \$ 2.0 \
\text { (c) Auditor's remuneration } & \$ 0.5 \
\text { (d) Repairs and maintenance expense } & \$ 2.5
\end{array}$$ The items that are most likely to be considered as material are:

A Business Shows the Following Figures for the Current Financial