Business purchased a vehicle insurance policy of OMR 2,400 for the car used in the business for full one year on 1st October 2020. What is the amount of prepaid insurance on 31st December 2020. a. OMR 1,800 b. OMR 600 c. OMR 2,400 d. None of these Question 19 Not yet answered Marked out of 1 Flag question Determine the Assets of the business, if Stockholders Equity is OMR 25,000, Liabilities is OMR 15,000. a. OMR 40,000 O b. OMR 10,000 Oc. None of these d. OMR 50,000 Question 20 Not yet answered Marked out of 1 Flag question Income statement is useful in ascertaining the ______ of the business. a. Capital of business b. None of these c. Financial Results O d. Financial Position