intermediate Accounting

Dution 14 Not yet word More out of Which of the following statement is incorrect about a Petty Cash fund? a A company normally expects the amount in the tund to cover anticipated disbursements for a three to four month period All statements are correct c. There are two essential stops in establishing a petty cash fund which includes appointing o potty cash custodian and determining the size of the fund. od to establish the fundo company issues o check payable to the petty cash custodian for the stipulated amount Hog Question Question 15 Not yet ontwed ned out ABC Compony hos a machine with a netbook value of OMR 5,000 on December 312020 The adjusted balance of Accumulated Depreciation is OMR 1000. How much is the cost of the machine OG OMR 5.000 b. OMR 4.000 OC None of these d. OMR 6.000 Question 16 An Irwantory ton of OMR6 a relevant to a very small compory white may be resevant to a large multinational tem which accounting concept is applied in this situation ww Morted out a. None of these Timeliness Comparobrity d. Motericity 17 Toyot answered Morted out of XYZ cold goods on credit to Kholid and the company received a 120 day, 9%, OMR 6,000 note dated September 6, 2020. How much is the interest income to be recorded in the books as of December 31 2020 None of these b. OMR 13150 OG OMR 13875 og Question Od OMR 144.25