Assume that Sohar Aluminium Company purchased a machinery for OMR 2000 and spent OMR200 for its transportation. In addition they paid tax OMR 450 during purchase, Transportation cost OMR 100, Insurance during transportation OMR 50, and Assembling charges OMR 100, installation and testing charges OMR 250. After transportation and installation, the company also paid the insurance premium of OMR 50 to cover the future loss from the machinery due to accidents and breakdowns. Compute the cost of the machinery.

a. OMR3150

b. OMR3100

c. None of the given options

d. OMR3200

Cash equivalents are short-term, highly liquid investment assets those meets which of the following two criteria?

i)Maturity period these liquid assets must be more than one year

ii)Readily convertible to a known cash amount

iii)Sufficiently close to their due date so that their market value is not sensitive to interest rate changes.

iv)Maturity period these liquid assets must be exactly 5 years

a. i) & iv)

b. i) & ii)

c. ii) & iii)

d. iii) & iv)