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    Joirene7's Avatar
    Joirene7 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 8, 2012, 04:28 AM
    write a memorandum
    On 21 December 20X7, your client paid A10,000 for an advertising campaign. The
    advertisements will be heard on local radio stations between 1 January and 31 January
    20X8. Your client believes that, as a result, sales will increase by 60 per cent in 20X8
    (over 20X7 levels) and by 40 per cent in 20X9 (over 20X7 levels). There will be no
    further benefits.
    Write a memorandum to your client explaining your views on how this item should
    be treated in the year-end financial statements for each of the three years. Your
    answer should include explicit reference to relevant traditional accounting conventions,
    and to the requirements of users of published financial statements.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Oct 8, 2012, 01:50 PM
    So let us see your efforts

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