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give me answers with detail a The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR,

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give me answers with detail a

The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses? Select one O a. OMR 31.000 O b. OMR 1.500.000 O c. OMR 12.400 Od None of the other points A foreign currency swap is simply an agreement between two parties to exchange one currency for another currency (Invoice Value) Select one O True O False Win Company, which uses the FIFO inventory method, had 300,000 units in inventory at the beginning of the year at a FIFO cost per units of $50. No purchases were made during the year. Quarterly sales information and two sets of end of quarter replacement cost figures follow: Quarter Unit Sales Case A Case B $ 1 100,000 29 25 2 30,000 22 27 A W N 42,500 19 30,500 22 27 Required: What is the value of case A First quarter "sales" FIFO Select one: 0 a $5,000,000 b. $6.000.000 e $2.900.000 d. $2.500.000 Wool company actual earnings for the first two quarters of 2019 and its estimate during each quarter of its annual earnings are: Actual first quarter earnings $500,000 Actual second quarter earnings $500,000 First quarter estimate annual earnings $ 2,000,000 Second quarter estimate of annual earnings $2,500,000 Wool Company estimates its permanent differences between accounting income and taxable income for 2019 as: Environmental violation penalties $50,000 Dividend income exclusion $200.000 These estimates did not change during the second quarter. The combined state and federal tax rate for wool Company for 2019 is 50% Required Calculate first quarter "estimated annual income tax Rafle Company purchased 100% of the outstanding voting shares of Duo Company at the beginning of 2016 for OMR 800,000. At the time of purchase, net loss OMR 60,000 What is the journal entry of Equity loss? Select one: O a. Equity Loss Dr Investment in Co., Cr 40,000 40,000 O b. None of the other Points O c. Equity Loss Dr Investment in Co., Cr 60,000 60,000 O d. Equity Loss Dr Investment in Co., Cr 800,000 800,000 The US Company, In the month of January 15 sold machinery on account to a retailer Australia. The invoice price was 250,000 US dollars and the exchange rate for the Australia dollar was $0.576. Select one O a. Cash A/c Dr Sales A/c Cr 144,000$ 144,000$ b. Accounts Receivable 250,000$ Sales 250,000$ c Accounts receivable A/c Dr Sales A/c Cr 144,000$ 144,000$ 250 000$ d Cash A/c Dr Sales A/c Cr 250.000$ The U.S. Company purchased Laptop from a company domiciles in japan. The contract was denominated in 600,000 Japan Yen. The direct exchange spot rate on this date was $0.0844. Select one: O a. Purchases $650.000 Account Payable $650,000 o b. Purchases Cash $650.000 $650,000 Oc. Purchases $50.640 Account Payable O d. None of the other points $50,640 Year Net Income Cumulative (Loss) Net Income 2018 6.500.000 6.500.000 2019 400.000 ? What is the cumulative income? Select one a OMR 6 500 000 b. OMR 6.900.000 c. None of the other points d. OMR 6.100.000 1) Shine Company operate in five identifiable segment A, B, C, D and E. During the past year, sales to unaffiliated customers and intersegment sales for each segment were as follows: Segment Sales Intersegment Total Sales Sale $ $ A 1,000 800 1,800 B 2800 200 3000 750 130 880 420 60 480 700 950 Total 5.670 1.440 7.110 Required Applying the revenue test determine "D" test %. Selecione Strawberry company purchased 70% of the outstanding voting share of Apple company at the beginning of 2019 OMR 400,000. The dividend distribution in the year of 2019 OMR 50,000. What is the entry of dividend income? Select one: O a. Cash A/C Dr Dividend Income Cr 280,000 280,000 O b. Cash A/C Dr Dividend Income Or 400.000 400,000 Oc. Cash Ayo Dr Dividend Income or 36.000 36 000 50 000 Cash AC Dr Druidend Income or 60 000 Strawberry company purchased 70% of the outstanding voting share of Apple company at the beginning of 2019 OMR 400,000. The dividend distribution in the year of 2019 OMR 50,000. What is the entry of dividend income? Select one: Cash A/C Dr Dividend Income Cr 280,000 280,000 Ob Cash A/C Dr Dividend Income Cr 400.000 400,000 35,000 Cash Alo Dr Dividend Income Cr 36 000 50 000 Cash AC or Dividend income or 60.000 Brush Company has the following income before income tax and estimated effective annual income tax rates for the first three quarters of 2019. Quarter Income before income Estimated Effective Tax rate Tax provision 1st 120,000 2nd 130,000 3rd 140,000 Required: What should be Brush company estimated income for "First quarter income statement? Select one a S39 000 b_$48.800 The company purchasing share (acquisition) percentage will vary each and every company Select one: O True O False The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses? Select one O a OMR 31,000 O b. OMR 1,500,000 O c. OMR 12,400 . d None of the other points

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