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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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