please answer all the questions immediately thankyou

* 32. Financial accounting standard-setting (1 Point) Is a logistic process based on rules promulgated by governmental agencies. Can be described as a social process which reflects political actions of various interested user groups as well as product of research and logic. O Is democratic in the sense that a majority of accountants must agree with a standard before it becomes enforceable is based solely on research and empirical findings. 33. For a merchandising company, inventory cost shall exclude: (1 Point Purchase price O import duties and other taxes Trade discounts and rebates Transportation and handling costs 34. Which of the following may not be the classification of a financial asset in the form of equity instrument in which the company's business model in managing equity instrument is non- trading?* (1 Point) * At net realizable value At fair value though profit or loss At amortized cost At fair value though other comprehensive income 35. Which of the following does not show the limitation of an income statement? * (1 Point) Some of the amounts that is used to prepare the income statements involves judgement Accounting method utilized has an impact on the computation of net income Revenue items that cannot be measured at a reliable way are not reported Actual amounts are reported in the bottom he of the income statement 36. Which of the following statement(s) is/are correct? I. An increase in inventory balance would be reported in a statement of cash flows using the indirect method as a deduction from net income in arriving at net cash flow from operating activities. II. Declaration and distribution of a stock dividend is classified as financing activity. III. Borrows P10,000 and signs a 90-day nontrade note payable is an operating activity. IV. Dividend received being a return of investment is a financing activity V. (1 Point) Payment for a bank loan is an investing activity. Hm TWO statements are correct Three statements are correct One statement is correct Four statements are correct