Q1:

Following business details of Ahli Financials for the financial year 2020 is given in the below table:

Business Details	OMR
Outstanding wages	1,500
Interest paid	300
Sales order received	4,500
Sales return	200
Depreciation expenses	400
Audit charges	150

How much amount cannot be converted from future to current period to increase the profit?

Q2:

Middle East Investments is a public company started in the year 2000 in the Sohar city. The company main business is making investments in GCC Financial Markets. The company has three hundred employees who works in the asset management department. The company has a good track record of payment of all the financial expense. In the past years, the company has made lot of profit so the company paid huge dividends and bonus to the employees. Since the profit was high and the company had good cash inflow so the company invested the surplus fund in some new investment due to which the company was unable to pay the tax on time. In the current year due to pandemic, the company had low profits.

Answer the question based on the above paragraph:

a- The company has accomplished the corporate social responsibilities towards:

b- Due to new investment made by the company, Corporate social responsibilities towards which of the following stakeholders is breached:

c- Corporate social responsibilities towards which of the following stakeholders is discussed in the above paragraph:

Q3:

The company purchase a car for OMR 5,000 and depreciation charged is 15 %. Value of land at the beginning of the year is OMR 50,000 at the end of the year the fair value has increased by 10 %. Company had a machine with book value OMR 18,000 was sold during the year for OMR 16,000

At what value the total asset will be recognized at the end of the year in the financial statements?

Q4:

GCC Financial is in the business of buying and selling of investments. Several directors of the company have retired, so the company invited all the shareholders and through election the company appointed a new board of director. Since, the board of directors were new in the current year the BOD took wrong investment decision which led to huge loss. The accountant has manipulated the accounting records to avoid showing the loss to the stakeholders. This happened as the director took decision without analyzing the investment options and decision was taken randomly. The auditor of the company noticed during the audit period such manipulation. But the auditor was threatened by the board of directors that if he does not issue a good audit report he will be terminated.

Which one of the concept of corporate governance is not breached in the above case?