Question
Irfan Automobiles Ltd. was registered on 01-01-2014 with a Capital of OMR 400,000 with the purpose of buying and selling Motorcycles. The purchase price of
Irfan Automobiles Ltd. was registered on 01-01-2014 with a Capital of OMR 400,000 with the purpose of buying and selling Motorcycles. The purchase price of motorcycle was OMR 4,000 on 01- 01- 2014 and OMR 5,000 on 31-12-2014. The general price level increased by 20% during the year 2014. The company purchased 5 motorcycles on 01-01-2014 and sold 3 motorcycles during the year at an average price of OMR 7,000. What is the amount of Holing Gain?
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The Official IRS Tax Guide To Auditing Horse Activities Prepare Your Horse Operation To Withstand An IRS Audit Using The Samw Manual IRS Agents Use
Authors: IRS
1st Edition
092934670X, 978-0929346700
