Muscat LLCis planning to acquireSoharLLC and itoperates cardealershipsthroughoutomanand the directors view this entity as an excellent strategic
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Muscat LLCis planning to acquireSoharLLC and itoperates cardealershipsthroughoutomanand the directors view this entity as an excellent strategic fit with theMuscatLLCbusiness model. They are reviewing the financial statements ofSoharLLC but are aware thatSoharLLC is currently using historical cost accounting system.Analyzethe draw backs ofSoharLLC's financial statementswith suitable examples.
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