Unformatted text preview: first year with any new employer. (5) A luxury resort paves a gravel road from the highway to the resort. The road can also be used by others to get to a number of sporting facilities in the area, including a golf course that is not owned by the resort. (6) Taxes for the year ended 30 June, which are not payable until October. (7) A construction company receives a $5 million advance in June for a contract. The work will commence in July. (8) The company has signed a contract to pay its managing director $500,000 per annum (inflation adjusted) for the next four years. (9) On 1 June the company is informed that it is being sued for damages of $1 million caused by a faulty product. The company denies liability. (10) The company will go to arbitration in July to determine the amount of payment to repair environmental damage caused by one of their factories....
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- Three '09
- Balance Sheet, new general manager, Additional Question, TUTORIAL QUESTIONS Readings, yearly insurance policy