5 Not yet answered If capital market funds are OMR 100, marketable securities for 6 months are OMR 35, notes receivables for 18 months- are OMR 50, guaranteed investment certificates are OMR 75 and treasury bills are OMR 30 then what will be the Marked out of 1.00 F Flag question amount for cash equivalents? OMR 140 OMR 290 OMR 190 Question 6 Not yet Which one of the following st OMR 160 (1 Mark) O6 Not yet answered Marked out of 1.00 Flag question Question 7 Not yet answered Which one of the following statements is true? None of these Journal entry will be passed in case of both periodic and perpetual inventory system for recording the opening inventory No journal entry will be passed in case of both periodic and perpetual inventory system for recording the closing inventory No journal entry will be passed in case of both periodic and perpetual inventory system for recording the opening inventory which one or the following statements related to the contror or cash disbursement is truer (1 Mark) Question 7 Which one of the following statements related to the control of cash disbursement is true? O (1 Mark Not yet answered Marked out of 1.00 Flag question Question 8 Serial number is not important in case of issued cheques Payment for purchase return should be made from purchase register None of these All payments should be made by cheque natment for amortization expense? Question 8 Not yet answered Marked out of 1.00 Flag question What will be the correct treatment for amortization expense? (1 Mark) None of these Recorded in the income statement as an expense Deducted from the goodwill in the balance sheet Recorded in the balance sheet as an asset Question 10 Not yet answered Marked out of 1.00 Flag question Identify the correct statement about lump-sum purchase (1 Mark) Asset are purchase in single transaction All of these correct The cost of the asset purchase is allocated based on their relative market values. Lump-sum purchase is called basket purchase