Question 21 Not yet answered Marked out of 3.00 Al Fathmall manufactures a line of equipment that it sells to wholesalers. The company sold 3,000 items of this type this year, which also has a one year guarantee if the equipment foils. Based on experience, 25% of the items sold are totumed for repairs Minor defects - 35% of the items returned can be repaired at a cost of OMR 120. Faustion Major defects - 65% of the items need significant repair at a cost of OMR 150. a. What should be the amount of provisions to be made in case of minor defects? OMR 31,500 None of the listed choices OMR 126,000 OMR 73,125 OMR 306,000 None of the listed choices OMR 180,000 b. What should be the amount of provisions to be made in case of major defects? OMR 306,000 Question 21 Not yet anted Marked out of 200 Al Fathma LLC manufactures a fine of equipment that it sells to wholesalers. The company sold 3.000 items of this type this year, which also has a one year guarantee if the equipment fails. Based on experience, 25% of the items sold are retumed for repair Minor defects - 35% of the items returned can be repaired at a cost of OMR 120. Major defects -65% of the items need significant repair at a cost of OMR 150. a. What should be the amount of provisions to be made in case of minor defects? Flag question b. What should be the amount of provisions to be made in case of major defects OMR 31.500 None of the listed choices OMR 126.000 OMR 73,125 OMR 306.000 None of the listed choices OMR 180 000 OMR 306.000 Question 22 Not yet answered Which among the following statement is true? 1. Current liabilities are expected to be settled within the entity's normal operating cycle. Marked out of 1.00 1. Current liabilities are due to be settled within one year e Phag question Only statement (ii) is correct Both statements are correct. Only statement is correct. Neither of the statements are correct. Question 23 Not yet The directors of company may recommend another dividend after declaration of interim dividend called awad Marked out of 1.00 Scrip dividend Final dividend Property Dividend Interim dividend Hag question 24 Not yet amword Which among the following statement is true? 1. Financial statements give a summary of accounts Marbet out of 1.00 Financial statements can be stated as recorded facts Fog question Only statement is correct Neither of the statements are correct Both statements are correct Only statement (ii) is correct 25