Question
. a) Explain about stock dividend. In which situations the corporation or company issues the stock dividend with suitable examples on your own. b) Muscat
. a) Explain about stock dividend. In which situations the corporation
or company issues the stock dividend with suitable examples on your own.
b) Muscat corporation had the following information for the year ended to prepare and show its financial position for the year 2020. The information provided to you the following:
Buildings- RO 34,500 Investment in Properties RO 5,800
Other financial assets (long term) RO 7,500 Machinery RO 22,500
Share capital RO 56,000 Retained earnings RO 8,800
Long term debt RO 28,500 Share premium RO 7,600
Trade payables RO 24,300 Rent outstanding RO 2,400
Trade receivables- RO 65,400 Other current financial liability RO 3,500
Income tax payables- RO 1,200, Deferred tax liability RO 3,400
Analyze the above items and prepare the Balance sheet of the above business by showing the classification of assets and liabilities as per IFRS.
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