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please fast Problem 2 On 1 of January, 2012 GCC International purchase 20,000 shares of Bank Nizwa @ OMR 0.225 per share. The transaction cost
please fast Problem 2 On 1" of January, 2012 GCC International purchase 20,000 shares of Bank Nizwa @ OMR 0.225 per share. The transaction cost paid to acquire the shares was OMR 450. Bank Nizwa declared and paid a dividend of 15 %. The face value of the Bank Nizwa shares is OMR 0.100. The investment is classified as available for sale. The fair value of the shares at the end of the year was OMR 0.190 After receiving the dividend, on 10" June 2013 GCC International sold all the shares for OMR 0.250 Required: Prepare journal entries in the books of GCC International
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