Branch Al-Khaled Company purchased the net assets of the Manama Textile Industry Company in the amount of one million dinars on the date of 1/1/2019, and the balance sheet of the Manama Company was on that date as follows: 30,000 100,000 60,000 cash receivables merchandise creditors payable papers 70,000 25,000 300,000 head Money Retained earnings 65,000 50,000 80,000 Buildings of land machines 120,000 450,000 Total assets 450,000 Total liabilities and property rights 100,000 90,000 This has been the fair market value of the companys assets and liabilities as follows: cash machines debtors land creditors buildings payment sheets 60,000 110,000 merchandise 40,000 25,000 100,000 75,000

Required:

As an accountant with Al-Khaled, you use your advanced skills to find the following:

First: estimate the market value of net assets.

Second: Estimating the value of the store's fame for Etihad.

Third: Preparing the opening balance sheet for Al-Fajr Company on 1/1/2019.