Intermediate Accounting 1 Assignment

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What is the total value of accounts receivables in XYZ company as of 31-12-2022?

OMR 55,000

OMR 60,000 (correct)

OMR 58,000

OMR 65,000

What is the percentage of accounts receivables that XYZ company estimates will be uncollectible?

15%

20%

5%

10% (correct)

What is the amount written off by XYZ company on 1st March 2023?

RO 4,000

RO 3,000 (correct)

RO 5,000

RO 2,000

What is the amount paid by Mr. Amer on 1st July 2023?

RO 2,000 Signup and view all the answers

What is the last date to submit the assignment?

22nd May 2024 Signup and view all the answers

What is the impact of including purchased goods of RO 2,000 in transit on the reported cost of inventory?

Increase in reported cost of inventory Signup and view all the answers

What is the effect of not including sold inventory with a cost of RO 2,200 in transit on the reported cost of inventory?

Decrease in reported cost of inventory Signup and view all the answers

What is the value of the goods in transit sold to a customer that Al Salalah included in the count?

RO 1,000 Signup and view all the answers

What is the total number of units issued to the factory between April 10 and April 25?

130 units Signup and view all the answers

What is the cost of the last purchase of inventory on April 30?

RO 1,700 Signup and view all the answers

Intermediate Accounting 1 Assignment

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Questions and Answers

What is the total value of accounts receivables in XYZ company as of 31-12-2022?

What is the percentage of accounts receivables that XYZ company estimates will be uncollectible?

What is the amount written off by XYZ company on 1st March 2023?

What is the amount paid by Mr. Amer on 1st July 2023?

What is the last date to submit the assignment?

What is the impact of including purchased goods of RO 2,000 in transit on the reported cost of inventory?

What is the effect of not including sold inventory with a cost of RO 2,200 in transit on the reported cost of inventory?

What is the value of the goods in transit sold to a customer that Al Salalah included in the count?

What is the total number of units issued to the factory between April 10 and April 25?

What is the cost of the last purchase of inventory on April 30?

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