Consider the following statements and indicate which items could appear as an asset on the statement of financial position. A recently hired finance director who is confidently expected to cut costs by approximately 20% during the next three months. () 1,000 owed to the business by a customer. That customer is currently facing liquidity problems and highly likely to being declared bankrupt in the near future. (I) A recently purchased machine to produce goods. The machine has specific processes that will reduce production time and manufacturing costs by at least 25%. The machine was bought on credit and will be fully paid for in 12 months time. Select one: a. (i) only b. (1). (i) and (ii) c. (ill) only d. (1) only P LGO city i W