Layout References Mailings Review View Acrobat 11 A A - MEET A - A 35. E. I Normal 1 No Spac... Heading 1 Heading 2 Title x x Font Styles Paragraph FINA 301 Practice Problems Week 2 (Summer 2020) Answer all of the following questions 1. What is the connection between the income statement, statement of financial position, retained earnings statement and statement of cashflows? 2. What is the agency problem? 3. What is meant by financial management? 4. How are the IFRS implemented in Oman? 5. Prepare an income statement, a retained earnings statement, and a statement of financial position for Al Ghubrah co., from the items listed below for the month of September 2018 Utilities expense OMR 700 Accounts payable 7,000 Layout References Mailings Review View Acrobat 11 A A - MEET A - A 35. E. I Normal 1 No Spac... Heading 1 Heading 2 Title x x Font Styles Paragraph FINA 301 Practice Problems Week 2 (Summer 2020) Answer all of the following questions 1. What is the connection between the income statement, statement of financial position, retained earnings statement and statement of cashflows? 2. What is the agency problem? 3. What is meant by financial management? 4. How are the IFRS implemented in Oman? 5. Prepare an income statement, a retained earnings statement, and a statement of financial position for Al Ghubrah co., from the items listed below for the month of September 2018 Utilities expense OMR 700 Accounts payable 7,000