You are required to prepare the balance sheet as on 31st December 2019, by using net change method of CPP to answer the following MCQs Interest on Debentures paid on 31st December 2019 The general price index during the year was as follows: On 1st January 2019 = 300, On 31st December 2019 = 360, Average for the year 2010 = 320 Assets 1/1/2019 31/12/2019 Liabilities 1/1/2019 31/12/2019 Plant 600,000 510,000 Share capital 700,000 700,000 Furniture 80,000 72,000 10% debentures 200,000 200,000 Inventory Current liabilities 200,000 200,000 120,000 140,000 100,000 100,000 Debtors Retained earnings 174,000 Cash 200,000 452,000 1,100,000 1,274,000 1,100,000 1,274,000 Question 1 Answer saved Marked out of 1.00 Flag question The CPP value of Inventory after conversion is a. RO 157500 O b. RO 132500 O c. RO 157000 O d. RO 120000 Clear my choice Question 2 Not yet answered Marked out of 1.00 P Flag question The CPP value of Furniture after conversion is a. RO 82,300 O b. RO 81,600 O C. RO 87,900 O d. RO 86,400 Question 3 Not yet answered Marked out of 1.00 Flag question The CPP value of the share capital after conversion is a. RO 740,000 b. RO 840,000 O c. RO 700,000 d. RO 800,000 Question 4