Akram, Musallam and Salim are close friends and wanted to start a commercial company. They started their business in 2016 January, with a capital of 18,000 RO. Their investment ratio was 4/10, 3.5/10 and 2.5/10 respectively. They have fixed the profit/loss sharing ratio on the same lines of investment ratio. However, they have agreed that, for the debts of the business all members except Musallam should take full responsibility. The financial results of their business for the years 2016, 2017 and 2018 were: (-1200 RO), (2000RO), and (-800 RO). At the end of 2020 After running their business for four years, they had a total debt of 35000 RO. The three friends decided to close the business. a) Which is the business the friends started? Identify and name the nature of liability of the friends in the business? Explain any three features of it. b) What is the investment of each person in the above named business?

c)With the financial results given, calculate each persons profit/loss for each year and total profit/loss. 3. With the help of Royal Decree 18/2019, verify Article 176 relating to Extraordinary General meeting of the company and summarize in your own words, without leaving important content.