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Bank Muscat purchases 40% of the outstanding voting shares of Nizwa Bank for OMR 3 million cash. This investment gives Bank Muscat significant influence over

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Bank Muscat purchases 40% of the outstanding voting shares of Nizwa Bank for OMR 3 million cash. This investment gives Bank Muscat significant influence over the operations of Nizwa Bank. Bank Muscat's investment account will be recorded at what amount? a. OMR 4.2 million O b. OMR 1.8 million O C. OMR 3 million O d. OMR 1.2 million

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