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1. During 2021, Sur Company purch hased Land for OMR 20,000. The current market value of the Land is O:MR 25,000 . Using the historical
1. During 2021, Sur Company purch hased Land for OMR 20,000. The current market value of the Land is O:MR 25,000 . Using the historical cost principle, at what amount should the Land be a) OMRR20,000 b) O:1RR25,000 c) O:1RR,5,000 OMR45,000 (1)
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
