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Muscat LLC is planning to acquire Sohar LLC and it operates car dealerships throughout oman and the directors view this entity as an excellent strategic

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Muscat LLC is planning to acquire Sohar LLC and it operates car dealerships throughout oman and the directors view this entity as an excellent strategic fit with the Muscat LLC business model. They are reviewing the financial statements of Sohar LLC but are aware that Sohar LLC is currently using historical cost accounting system. Analyze the draw backs of Sohar LLC's financial statements with suitable examples

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