FAC 3702 ASSIGNMENT 2
Johns Hopkins University
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FAC 3702 ASSIGNMENT 2
- Exam (elaborations) • 7 pages • 2021
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ASSIGNMENT 02 (20 marks) (36 minutes)
Shop-A-Lot Ltd is an online retail company with a 31 December year-end. Shop-A-Lot Ltd prepares its
financial statements in accordance with International Financial Reporting Standards (IFRS).
Security software
On 1 March 2017, Shop-A-Lot Ltd purchased security software from an United States of America (US)
company at a cost of R1 000 000, in order to protect clients’ personal details from data breaches. An
information technology (IT) specialist was c...
Exam (elaborations)
FAC 3702 ASSIGNMENT 2
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ASSIGNMENT 02 (20 marks) (36 minutes) Shop-A-Lot Ltd is an online retail company with a 31 December year-end. Shop-A-Lot Ltd prepares its financial statements in accordance with International Financial Reporting Standards (IFRS). Security software On 1 March 2017, Shop-A-Lot Ltd purchased security software from an United States of America (US) company at a cost of R1 000 000, in order to protect clients’ personal details from data breaches. An information technology (IT) specialist was c...
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