Question 9 Which one of the following statements about physical count of inventories is correct? Not yet answered Marked out of 1.00 Flag question (1 Mark) Companies count the inventories physically at the mid of the year Physical count is accurate if goods are manufactured Question 10 Physical count is more accurate when goods are not bought and sold during the physical count Physical count is more accurate if goods are bought and sold during the physical count Question 10 Not yet answered Which one of the following intangible assets gives right to its owner to use or sell any musical, literary or art work under his name? (1 Mark) Marked out o ut of 1.00 Flag question Patents Goodwill Leasehold Copyright Question 11 Not yet Marked out of 1.00 Inventory count of a company Alpha is 12,000 units. This inventory includes goods held on consignment of company Beta costing OMR 4,000. Company Alpha did not include the cost of OMR 700 for the goods sold which are still in transit (FOB shipping point), Calculate the cost of inventory: 1 Marko Flag question OMR 7,300 OMR 16,000 OMR 8,000 Question 12 Not yet ollowing elements of financial statement helps in understanding the financial performance of the business? OMR 16,700 Queron 12 Not yet Which one of the following elements of financial statement helps in understanding the financial performance of the business? (1 Mark Marked out of 1.00 +Flag Question Asset, Equity and Liability Incomes and expenses Liability, Income and Equity Question 13 Expense, Asset and Income