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2. Ramadhan Corporation has the following accounts included in its December 31, 2010, trial balance: Accounts Receivable OMR 110,000, Inventories (at lower -of - cost
2. Ramadhan Corporation has the following accounts included in its December 31, 2010, trial balance: Accounts Receivable OMR 110,000, Inventories (at lower -of - cost - or net realizable value) OMR 290,000. Allowance for Doubtful Accounts OMR 8,000, Patents OMR 72,000, Prepaid Insurance OMR 9,500, Accounts Payable OMR 77,000, Pension liability OMR 7,000, Short-term investments OMR 8,500 and Cash OMR 30,000 2. Ramadhan Corporation has the following accounts included in its December 31, 2010, trial balance: Accounts Receivable OMR 110,000, Inventories (at lower -of - cost - or net realizable value) OMR 290,000. Allowance for Doubtful Accounts OMR 8,000, Patents OMR 72,000, Prepaid Insurance OMR 9,500, Accounts Payable OMR 77,000, Pension liability OMR 7,000, Short-term investments OMR 8,500 and Cash OMR 30,000
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