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17-Investment in the ordinary shares of another company OMR 20,000 ; Land and building used in business operation OMR 80,000;Land and building not used in business operation OMR 70,000.Determine the amount to be reported under the category long term investment in the classified statement of financial position. a. OMR 20,000 b. OMR 90,000 c. OMR 100,000 d. OMR 150,000 Clear my choice

17-Investment in the ordinary shares of another company OMR 20,000 ; Land and building used in business operation OMR 80,000;Land and building not used in business operation OMR 70,000.Determine the amount to be reported under the category long term investment in the classified statement of financial position. a. OMR 20,000 b. OMR 90,000 c. OMR 100,000 d. OMR 150,000 Clear my choice

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 41E: Exercise 1-41 Stockholders Equity OBJECTIVE o On January 11 2019, Mulcahy Manufacturing Inc., a...
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17-Investment in the ordinary shares of another company OMR 20,000 ; Land and building used in business operation OMR 80,000;Land and building not used in business operation OMR 70,000.Determine the amount to be reported under the category long term investment in the classified statement of financial position.
a.
OMR 20,000
b.
OMR 90,000
c.
OMR 100,000
d.
OMR 150,000
Clear my choice
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