Pandom LLC has a yearly turnover of OMR 2000 million. Which of the following information is material to the users of its financial statements? 1. Pandom LLC has been sued by Aspring LLC for OMR 200 million as damages for breach of contract. The decision of the Court is still pending. II. Pandom LLC does not disclose details of its operating lease in respect of an office space rented at OMR 10,000 per annum. III. Pandom LLC sold goods worth OMR 20 million to its subsidiary Delta LLC . I, II and III only I and Ill only I only II and Ill only Constructor Limited estimated an impairment loss of OMR 5000 against its single cash-generating unit. The company had the following assets: Headquarters Building OMR 10000; Construction Plant OMR 6000; Equipment OMR 4000. The allocation of the impairment loss to the Equipment shall be: OMR 1500 OMR 3000 OMR 1000 OMR 2000 A wonderland tents and furniture LLC is involved in supplying tents and furniture items to customers for conducting events and celebrations. The company received a claim from customer for OMR. 35,000 as damages because some furniture were not delivered in time for a graduation ceremony. The company admits the delay but disputes the amount of the claim pointing out that alternative furniture arrangement for the event cost no more than OMR. 8,000. How would you advise the wonderland tents and furniture company to treat the claim when finalizing the financial statements for the year. Account for the best estimate as liability Record a liability of OMR. 8,000 Record a liability of OMR. 35,000 Ignore the claim 1