Each following questions give 1 point.

A)The inventory value for the financial statements of Global Co for the year ended 30 June 20X3 was based on an inventory count on 7 July 20X3, which gave a total inventory value of $950,000. Between 30 June and 7 July 20X6, the following transactions took place. $ Purchase of goods 11,750 Sale of goods (mark up on cost at 15%) 14,950 Goods returned by Global Co to supplier 1,500 What figure should be included in the financial statements for inventories on 30 June 20X3?

B)An asset register showed a carrying amount of $70,000. A non-current asset costing $15,000 had been sold for $4,000, making a loss on disposal of $2,000. No entries had been made in the asset register for this disposal. What is the correct balance on the asset register?

C) Which of the following are not examples of the payables of a business? 1 Estimation of tax owed to the tax authority for the year just ended 2 $500 owed to a supplier for invoiced goods 3 Estimation of probable repair costs under warranty claims Answer of Questions: