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odl How To Make Rec. Plastic Recycling... Plastic Recycling. financial stateme Rum LLC a Jordanian solar energy company owned by Rum Solar S.r.l. (societ a
odl How To Make Rec. Plastic Recycling... Plastic Recycling. financial stateme Rum LLC a Jordanian solar energy company owned by Rum Solar S.r.l. (societ a responsabilit limitata) an Italian solar energy company. The functional currency of Rum Solar LLC is the JOD and the reporting currency of the parent company is Euro (). Selected items from the balance sheet of the subsidiary company for the year ended 31/12/2018 are presented below (amounts in JOD): (6 Marks) Rum Solar LLC - Jordan Selected Accounts from the Balance Sheet for the Year Ended 31 December 2018 (in JOD) Assets Accounts receivables (A/R) 850'000 Investment 422'500 Intangibles 211'300 Liabilities Notes payable 120'000 Long-term trade payables 960'500 Owners' Equity Paid-in capital 5'990'000 Additional information: Investment is evaluated at cost Date of investment acquisition was 01/01/2016 (exchange rate JOD1= 1.1) Intangibles were acquired on 01/01/2017 (exchange rate JOD1=1.12) Long-term trade liabilities were initiated on 20/06/2018 (exchange rate: JOD1= 1.15) MacBook Pro
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