s 1. Which of the following is the correct formula to calculate operating income? Operating income Revenue-Direct operating cost b. Operating income Revenue-Indirect operating cost Operating income Gross profit Direct operating cost d Operating income Gross profit-Indirect operating cost 2. What happens to the balance sheet when a company makes sales of SAR 100,000, of which SAR 30,000 is paid through a bank transfer and SAR 20.000 is sold on credit? 3. How would you categorize a chart of accounts for "Company A" with a business model that offers services and software licenses to both government and private institutions, with a collection method of project completion percentage basis 4. "Company A" purchased equipment for SAR 600. The equipment has a useful life of 4 years and a scrap value of SAR 50 at the end of year 4. What is the depreciation expense for year 1 (using the straight-line method? 5. In which sections of a Cash Flow Statement should net income and dividends be recorded? 6. What type of financial reports would a Company require to maintain its financial wellbeing on a monthly basis? 7. What actions would you take to prepare a Company budget, and what kind of input would you request from the Company management to prepare it? 8. To prepare the financial statement of "Company A" for the last financial year, what would the auditor typically request from the Company in order to prepare a draft for the financial statement? And what is the deadline for submitting the financial statement to the Ministry of Commerce? 9. How do you differentiate company expenses and categorize them either as Cost of Goods Sold (COGS) or General and Administrative (GBA) expenses for a Company that provides services and software licenses? 10. What type of invoices may "Company A receive that are considered exempt from Value Added Tax (VAT) 11. What is the formule for Zakat calculation for a limited ability company and show an actual example of how such a formula can be calculated, with showing the steps for the calculation