1. AL JAZEERA SERVICES is a company with a December 31-year end. On January 1, 2017, the company acquires 6,000 shares of OMAN FLOUR MILLS at a cost of OMR 0.8 per share. Total transaction cost is OMR 110 and it has been decided by the company to include the transaction cost in the amount of investment. The shares purchased by AL JAZEERA SERVICES are classified as Held for trading.

On December 31, 2017, the market price of the OMAN FLOUR MILLS shares was increased from OMR 0.8 to OMR 0.9 per share. The OMAN FLOUR MILLS declared and paid total dividend to AL JAZEERA SERVICES is OMR 80.

All the shares held by AL JAZEERA SERVICES of OMAN FLOUR MILLS were sold on 28^th February 2018 and at that time the price for each share was OMR 1.2. Other than that, at the time of selling these shares, for every share the transaction cost was OMR 0.1.

Journal Entries needs to be passed in the books of AL JAZEERA SERVICES.

2. On January 1, 2013 OMAN TELECOMMUNICATION Purchases 1,000 shares of OOREDOO at a total cost of OMR 2,500 and the transaction cost is OMR 0.2 per share. This investment which was made by the OMAN TELECOMMUNICATION in OOREDOO shares is considered as available for sales investment. On December 31, 2013 the fair value of OOREDOO shares has decreased to OMR 2 per share and dividend is declared and paid in OMR 0.4 per share.

On May 31, 2014 all the shares are sold for OMR 3.5 per share and total transaction cost is OMR 40.

Journal Entries needs to be passed in the books of OMAN TELECOMMUNICATION.