问答题   Andrew is analyzing his accounts for the year ended 31 May 20X0. He has not yet made adjustments for the following.
    (1)Electricity expenses for the three months to 31 May 20X0 are estimated to be $250.
    (2)Insurance of $528 for the 12 months to 31 December 20X0 was paid on 1 January 20X0.
    What is the net impact on profit when the appropriate adjustments are made? ______
 
【正确答案】 A
【答案解析】[考点] Recording transactions and events-Accruals and prepayments [难易度] 难 (1)20X0年2月1日—20X0年5月31日的3个月的电费属于本期，但还未支付，是Accrual，会让本期费用增加，因此Profit减少。 (2)已经支付的12个月保险费中，有7个月(20X0年6月1日—20X0年12月31日)不属于本期，属于Prepayment，会让本期费用减少，因此Profit增加。 Net impact on profit=528×7/12-250=$58 increase