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Question 8 Chemist Pty's beginning balance of inventory is $16 000; the ending balance is $30 000; credit sales for the period are 3420 000; and cost of sales are $380 000. Calculate Chemist Pty's days inventory. Not yet answered Marked out of 1.00 P Flag question O a. 29 days O b. 20 days O c. 22 days O d. 26 daysTime left 3:27:20 Question 5 An external user of accounting information is the Not yet answered Marked out of 1.00 P Flag O a. Inventory clerk question O b. Director of research and development O c. Customer O d. Purchasing officer Question 6 Toys Pty Ltd is currently under investigation for providing defective products to their customers. If found guilty, Toys Pty Ltd may be required to compensate their customers for approximately $850 000. The court case is still pending and the outcome will not be known until Notyet answered later in the next financial year. For the current financial year, the amount of $850 000 will be: Marked out of 1.00 P Flag question O a. disclosed in the notes to the financial statements as a contingent liability. O b. disclosed in the notes to the financial statements as a contingent liability. O c. recognised in the statement of financial position as a contingent liability. O d. recognised in the statement of financial position as a liability. Question 7 Deep Blue Sea Lodge Led acquired all the shares in Snorkel Led for 3750 000. The fair value of the assets acquired was $1 000 000 and the fair value of the liabilities assumed was $300 000. What is the amount of goodwill acquired by Deep Blue Sea Lodge Lid? Not yet answered Marked out of 1.0 F Flag question O a. 1300 000 O b. 350 000 O c. 3750 000 Od. 1700 000