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| At 31 July 20X6, the following transactions need to be accounted for in Jamie，s financial statements： (1) Jamie paid the annual local taxes charge for his office premises for the year ended 31 March 20X7 on 1 April 20X6. He paid a total of $3,250. (2) Jamie paid his quarterly rent bill of $960 on 5 August 20X6 for the period ended 31 July 20X6. (3) Jamie，s solicitor has informed him that the court case brought against a rival business shortly before the year-end is likely to succeed in Jamie’s favour and the pay out could amount to as much as $20,000. In respect of these items, what figures should be included in Jamie’s statement of financial position for the year ended 31 July 20X6? A Current assets $22,167 Current liabilities $960 B Current assets $2,167 Current liabilities $960 C Current assets $2,167 Current liabilities nil D Current assets $20,960 Current liabilities $2,167 |