Question
In order to acquire a patent a company issued 3500 shares of OMR 5.8 each. The original cost of patent was OMR 20,000. The market
In order to acquire a patent a company issued 3500 shares of OMR 5.8 each. The original cost of patent was OMR 20,000. The market values of the shares issued stood OMR 7.2 each. What shall be the value of patent as per this situation?
OMR 43,200
OMR 20,300
OMR 25,200
None of them
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
