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7-Nizwa Corporation had the assets position for the year 2018 of Investment in bonds RO 67,000, Investment in property RO 150,000, Other financial assets (long
7-Nizwa Corporation had the assets position for the year 2018 of Investment in bonds RO 67,000, Investment in property RO 150,000, Other financial assets (long term) RO 35,000 , Investment in associates RO 12,500 and Other financial assets (short term) RO 7,500. Evaluate this information and calculate the amount to be shown as Long-term investments classification as per IFRS.
23- Logitech Oman company signed 7 years lease agreement for the equipment in 2015 and the annual payment was RO 37,500 at the beginning. The fair value estimated at RO 243,600, interest rate is 9 % and straight-line method is applied. The PV (Present Value) is calculated as RO 205,722. Evaluate this lease contract, calculate, and show the closing balance as per the Amortization table of the equipment in Year 3?
27- Rockstar business provided the data of gross profit RO 83,200, income from operations RO 55,200, interest revenue RO 2,200, loss on sale of old equipment RO 800, gain on sale of old machinery RO 2,300, interest expense of RO 500 and casualty loss of RO 600 during the year ended 31st December 2018. Analyze this information and show amount of Net income of the above business for the year ended 31st December 2018?
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