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Anders is analysing 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 20X0What is the net impact on profit when the appropriate adjustments are made?
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