Q1. a) Differentiate between equity stock and preference stock. As an investor, which type of preference stock (any 2) you choose for investment and write the reasons. (3 Marks) b) Write about the nature and accounting treatment of Retained earnings used by the business. (2 Marks) Q2. What are the items to be included in IFRS Financial statement forms? And the Global Oman Corporation want to prepare and show its financial position for the year 2017. The information provided to you the following: Share capital RO 176,000, Retained earnings RO 25,600 Long term debt RO 84,500 Share premium RO 12.500 Trade payables RO 99,400 Rent outstanding RO 1800 Trade receivables- RO 112,400 Other current financial liability RO 3,400 Income tax payables- RO 2,600, Deferred tax liability RO 5,600 Analyze the above items and prepare the Balance sheet of the above business by showing the classification of liabilities as per IFRS. (5 Marks) Q3. Finance is the life blood of any business. Every organization needs the capital and financing aid throughout its life. As a part of investment and raising capital, the long term debt has its own influence and playing a pivotal role. Nowadays even various government including Oman raising capital through long term debt. Overall it plays a supporting role to each and every business in the world (5 Marks) Based on the above scenario, critically analyze and write the following. a) Do you think that the bond issue is necessary for the business and for countrys development? Write any 4 reason why? b) Choose ay 4 types of bonds suitable for a manufacturing business and explain them. Based on your opinion which 2 of the bond types you choose to invest? Write with reasons. c) Support with your answer by describing long term debt (Bonds) issue and investment in Oman.