9))Hello brother, please help me. Answer all the questions. I do not have many chance. and my money is finish I will not forget your favor. Please write question number and answer code.
intermediate Accounting1
Brother, I have no attempt left. Please answer all questions. I will not forget your favor and I will pray for you.
Time left 2:55:23 Question 41 Not yet answered Marked out of 1 P Flag question FTB Company purchased a machine on March 31, 2018 for OMR 6,000 cash. The estimated life of the machine is 6 years and residual value is estimated at OMR 300. Straight line method is used in depreciation. FTB Company sold the machine on June 30, 2022 for OMR 1,500. How much is the gain or loss on sale of the machine? a. Loss of 462.50 OMR O b. Gain of 125.50 OMR O c. Loss of 312.50 OMR O d. None of these Question 42 Not yet answered Marked out of 1 P Flag question Which of the following is true about Cash Equivalents? O a. Cash equivalents are short-term, highly liquid assets that can readily be converted into known amounts of cash and with high risk of price fluctuations. ob. An example of a short- term cash equivalent asset would be one that matures in three months or more from the acquisition date. C. All of these o d. Cash equivalents are considered as near- cash but are not treated as cash because they can include a penalty to convert back to cash before they mature Question 43 Not yet answered Marked out of 1 P Flag question GBN Company has unadjusted book balance of OMR 20,000 on December 31, 2020. Outstanding checks for the month is OMR 1,000 and the deposits in transit is OMR 2,000. Bank service charge is OMR 300. and notes collected by the bank in behalf of GBN is OMR 1,500. How much is the unadjusted balance per bank? a. None of these O b. 19,000 OMR O c. 22,200 OMR O d. 20,200 OMR Question 44 Not yet answered Marked out of 1 P Flag question ABC Company has the following information about its inventories as of December 31, 2020; Inventories held in the display area, OMR 9,000; Inventories of ABC Company that are held out on consignment, OMR 5,000; Inventories of XYZ Company that are held on consignment by ABC Company, OMR 6,000; Goods in stockroom, purchased by ABC from KM Company for OMR 6,000; FOB Destination, arrived on December 27,2020. How much should be the total amount of inventories as of December 31, 2020? O a. 14,000 ob. 20,000 C. 15,000 O d. None of these Time left 2:55:07 Question 45 Not yet answered Marked out of 1 Flag question XYZ Company purchase a land for a purchase price of OMR 50,000. Title fees and legal fees paid by XYZ amounts to OMR 2,000 and the survey and zoning fees amounted to OMR 3,000.XYZ paid OMR 5,000 for the site preparation costs like grading and draining and OMR 3,000 to raze an old structure by which salvaged materials were sold for OMR 500. XYZ. How much is the total cost of the land? a. 60,000 ob. None of these O c. 62,500 O d. 63,000
