intermediate Accounting

to 21 Not yet suwned out of XYZ sold goods on credit to khalid and the company received a 120 day, 5%, CMR 5.000 rote dated October 1, 2020. What is the effect to equity account on the date of maturity and by how much Fog a Equity will increase by OMR99 O biquity will increase by OMR 32 De Equity will increase by OMR 67 od None of these Qotion 22 Net Moved out of XYZ Company wanted to present an increase in profits by 20% in its 2020 financial statements so it included as part of credit to income OMR 20.000 of uncomod service Income by the end of December 3L2020, XYZ also recognize still an asset account on old building that is fully deprecated and abandoned as part of their property. Plant and Equipment section in the Balance sheet which accounting concept and qualitative characteristic in financial statement is not applied by the Company a going Concern. Understandability and verifibility ob Accrual, Comparability and Understandability OG Accrual verifiability and Faithful Representation od Materiality. Timeliness and Rolevance Question On 23 Note Marted out of 1 Hop Question Which of the following a correct consilication and presentation of an occount Ca Deferred Service income is presented in the Bolonce sheet under Libility section Drive ways and work ways or land improvements presented in the income Statement Solaries and wages is an expense presented in the Balance Sheet bd How Material at the end of the period is an expense presented in the Balance Shout