Multiple Choice
During 20X4, a large shareholder of Seremban Ltd donated some inventory to Seremban Ltd with a fair value of $1 million.This $1 million is an asset and:
A) a liability to Seremban Ltd
B) a revenue to Seremban Ltd
C) a part of equity of Seremban Ltd
D) a contingent liability of Seremban Ltd
Correct Answer:
Verified
Correct Answer:
Verified
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