Information Flag question ABC company has been trading for a number of years manufacturing domestic appliances. Its trial balance for the year ending 31st December 2019 is noted below Debit Credit Revenue 14,000,000 Opening inventory 1400,000 Purchases 4200,000 Manufacturing Wages 2600,000 Selling and distribution cost 5800,000 Administration cost 500,000 Plant and Machinery at cost 6,500,000 2,000,000 Office equipments at cost 1,000,000 Accumulated depreciation on 1,500,000 plant and machinery Accumulated depreciation on 500,000 Office equipment Retained profits 1-1-2019 4,000,000 Land at cost Ordinary share capital 5,000,000 Trade receivables 1,000,000 Additional information 1. Closing inventory at 31st December 2019 was OMR 900,000 2. Depreciation will be provided as follows a) On Plant and Machinery @ 30% reducing balance method b) On office equipment @ 15% straight line method 3. Both the depreciation will be charged into administration expenses. 4. During the year the company issued 5,000,000 redeemable preference shares of OMR 1 each. ANSWER QUESTION NO 46 TO 50 What will be the total administration cost to be shown on the Income Statement for the year ended 31st December 2019? Questions 46 Not yet answered Marked out of 1.00 P Flag question O a OMR 2,150,000 O b. OMR 2,250,000 O COMR 2,100,000 Od. OMR 2,700,000 What will be the cost of sales to be shown on the Income statement of ABC Company for the year ended 31st December 2019? Question 47 Not yet answered Marked out of 1.00 P Flag question O a OMR 8,200,000 O b. OMR 4,700,000 O COMR 6,700,000 O d. OMR 7,300,000 Question 48 What will be the share capital balance to be shown under the equity section in the statement of financial position on 31st December 2019? Not yet answered Marked out of 1.00 P Flag question O a OMR 5,000,000 O b. OMRO O COMR 14,000,000 Od OMR 10,000,000 Question 49 The opening balance of retained earnings of OMR 4,000,000 will be shown under Not yet answered Marked out of 1.00 O a Statement of changes in owners equity b. Deducted from total comprehensive income O c. Non-Current liability in the statement of financial position Od. Current liability in the statement of financial position P Flag question The value of Property, Plant and Equipment to be shown under Non-Current Assets in the statement of financial position is Question 50 Not yet answered Marked out of 1.00 Flag question a. OMR 3,925,000 O b. OMR 3,850,000 O COMR 5,850,000 Od OMR 5,925,000 Previous page Finish attempt