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Oman Drydock Company purchase 2,000 shares of Strabag Oman Company at OMR 0.800 per share as Held for Trading investment. At the end of the

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Oman Drydock Company purchase 2,000 shares of Strabag Oman Company at OMR 0.800 per share as Held for Trading investment. At the end of the year, Oman Drydock sold all its Strabag Oman shares for OMR 1 per share. Which of the following Journal entry is correct in the books of Oman Drydock Company with regards to sale? Oman Fisheries Company purchased 16% shares of Oman Cables Company. Oman Fisheries intention is only to make profit from the shares it bought from Oman Cables. What is the classification of investment of Oman Fisheries? Clear my choice The Al Hassan Company purchases 1,000 shares of Gulf Company at a cost of OMR 0.200 per share. It also pays OMR 40 for transaction cost. The investment was classified as Held for Trading Al Hassan's investment account will be recorded at what amount

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