4-9 Financial Accounting. Pls answer all ASAP. Thank you.

4. On January 1, 2030, SOCAFIM, a Canadian company, buys stocks from Australia. The Australian company normally sells these stocks for $300,000, but SOCAFIM was entitled to a 10% discount. The Canadian company must pay for the transport of the goods in the amount of $9,000, and the customs fees are $7,500. During fiscal year 2030, SOCAFIM paid mortgage interest of $6,900 related to the acquisition of the inventory storage room. Calculate the cost of acquiring inventory.

Regular Price
10% discount
Transport
customs
Acquisition cost

5. As of December 31, 2032, the closing date, LES RABLES DU SAINT-LAURENT has an inventory of linen that has cost $150,000 and whose net realizable value is $40,000. As of December 31, 2033, the business still has this laundry inventory, but the net realizable value is now $42,000. Calculate the amount of inventory write-down or write-back as of December 31, 2032.

Net realizable value as of December 31, 2033

6. The initial recognition of property, plant and equipment is always at cost. True or false?

7. On November 10, 2035, the Canadian company EDIM, S.A. purchases inventory for $50,000, plus 5% GST and 9.975% QST which are calculated on the purchase price. On November 11, she returns for $1,000 worth of defective inventory. On November 19, 2035, she pays her bill in full and benefits from a 3% discount. Calculate the net amount payable, including sales taxes.

Paid price
GST
QST
Price with tax
Net Amount to pay

8. According to IAS 23 Borrowing Costs:

a) Borrowing costs are always expensed

b) Whether borrowing costs are expensed or capitalized depends on the business sector.

c) Borrowing costs are capitalized if and only if the IASB criteria are met.

d) None of the above.

9. Name the two valuation models for property, plant and equipment according to international standard IAS 16 Property, plant and equipment.

a)

b)