intermediate Accounting

Question 34 Not yet Owned Mood out of ABC Company had inventory balance of 700 units on May at a unit cost of OMR 5. ABC purchased 200 units on May 4 at 4.5 per unit, on May 8.100 units at 4 por unit and on May 9, 200 units at 5 per unit. ABC sold 400 units on May 5. How much is the inventory balance end in OMR after the May 9 purchase using Moving Average method? a None of these Ob 2.933 OG 4333 d4401 Fog question 35 Moty and Moto XYZ Company made a purchase return of OMR 300 to its supplier on July 12020, what is the effect to inventory account on this date under the Perpetual inventory system? CG Neither increase or decrease Increase by OMR 300 incrocs by OMR 600 Od Decrease by OMR 300 Fog Quo 36 NY Marted to VTB Company purchased a machine on March 31, 2018 for OMW 6,000 coth the estimated to of the machine is years and residual value is estimated at OMX 300 HOW much in the documulated depreciation of the machine os of December 31, 2020 uting straight line method? a. 2012.50 OMR Ob 2,650 OMR OG 2,13760 OMR Od None of those Question 37 Not yet ond Morved out of ABC Company prepares monthly Income Statement and also an annual report on the financial position as of December 31 of every calendar year. Also the company uses the some accounting methods in the valuation and measurement of its asset account across all accounting periods. Which qualitative characteristics are applied in JFB Companys financial statements? Fog ho None of these Ob Understandability and verifiability OC. Timeliness and Comparability a comparability and Understandability