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Q33 From the following information find out the holding gain and operating gain if Mr. Abdul purchased an item for OMR 800 few years ago. The present purchase price of the item tends to be OMR 1,000. Mr. Abdul sold the item for OMR 1,800. a. None of these are correct b. OMR 200; OMR 800 c. OMR 1,000; OMR 800 d. OMR 800; OMR 200

Q33 From the following information find out the holding gain and operating gain if Mr. Abdul purchased an item for OMR 800 few years ago. The present purchase price of the item tends to be OMR 1,000. Mr. Abdul sold the item for OMR 1,800. a. None of these are correct b. OMR 200; OMR 800 c. OMR 1,000; OMR 800 d. OMR 800; OMR 200

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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Q33

From the following information find out the holding gain and operating gain if Mr. Abdul purchased an item for OMR 800 few years ago. The present purchase price of the item tends to be OMR 1,000. Mr. Abdul sold the item for OMR 1,800.
a.
None of these are correct
b.
OMR 200; OMR 800
c.
OMR 1,000; OMR 800
d.
OMR 800; OMR 200
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