(c) In August 2004 it was discovered that the inventory at 31 December 2003 had been overstated by $100,000.(4 marks)

Required:

A．dvise the directors on the correct treatment of these matters, stating the relevant accounting standard which

justifies your answer in each case.

NOTE: The mark allocation is shown against each of the three matters.

[单选题]［A］ muted ［B］ discovered ［C］ doubled ［D］ undervalued

[单选题]24_________24. A discovered B found C planned D designed

[单选题]The researchers have discovered that the formation of habit can beA． predicted B. regulated C. traced D. guided

[单选题]Who discovered nitroglycerine?A.Bertha von Suttner.B.Ascanio Sobrero.C.Alfr

[单选题]At 0230 on 13 August，you are at mile 610.5 AHP when you see about a mile ahead lights on the water near the left bank. What might you see when you come abreast of these lights? （）A . Privately maintained buoys at a yacht clubB . Government buoys mark

[单选题]D．aydreaming，science has discovered，is an ______relaxation technique.A． effectiveB． affectiveC． efficientD． affectionate

[单选题]Manufacturers have discovered the secret of colours in marketing______.A． by accumulating their various experiencesB． by experimenting with different coloursC． by developing the discipline of colour psychologyD． by trying not to make mistakes

[单选题]Passage Three(31~35) Last August, Joe and Mary Mahoney began looking at colleges for their 17-year-old daughter, Maureen. With a checklist of criteria in hand, the Dallas family looked around the country visiting half a dozen schools. They sought a u

[单选题]B．rain researchers have discovered that the formation of new habits can beA．predicted.B．regulated.C．traced.D．guided.

[单选题]A． year ago August, Dave Fuss lost his job driving a truck for a small company in west Michigan. His wife, Gerrie, was still working in the local school cafeteria, but work for Dave was scarce, and the price of everything was rising. The Fusses were