)Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write question number and answer code.

intermediate Accounting1

Time left 2:57:56 Question 1 Not yet answered Marked out of 1 P Flag question Which inventory valuation method is used to estimate the amount in case if inventory destroy or missed due fire, theft or other disaster? O a. First-In, First-Out O b. Moving Average O c. Specific Identification O d. None of these Question 2 Not yet answered Marked out of 1 P Flag question What is the effect to assets when the company received advanced payment from a customer for services to be rendered in the future? O a. Neither increase or decrease b. Increase O c. Decrease O d. Either increase or decrease Question 3 Not yet answered Marked out of 1 P Flag question ABC Company had inventory balance of 800 units on May 1 at a unit cost of OMR 7. ABC purchased 500 units on May 5 at 8 per unit and 300 at 8.50 per unit on May 6. ABC sold 300 units on May 7. How much is the cost of sales on May 7 using Moving Average method? a. 2,214 O b. 2,100 O c. None of these O d. 2,277 Time left 2:57:49 Question 4 Not yet answered Marked out of 1 P Flag question XYZ Company reported Accounts Receivable balance of OMR 10,000 and Allowance for Doubtful Accounts balance of OMR 800 on December 31, 2020 before adjustment. XYZ estimated that 80% of its Accounts receivable will be collectible. How much is the net realizable value of Accounts Receivable as of December 31, 2020? o a. OMR 8,000 ob. OMR 9,000 OC. OMR 2,000 O d. None of these Question 5 Not yet answered Marked out of 1 P Flag question How is annual depreciation computed under the Straight Line method? a. None of these . O b. Cost / estimated useful life O c. Cost + residual value / estimated useful life O d. Cost - residual value / estimated useful life