Q10.M/s. Mohammed Company is dealing with the dealing with imported watches. The company used to buy watches from different countries and selling the watches in Sultanate of Oman with 25% profit margin. The company was having following assets and liabilities as on 31^st December 2019. The company was having liabilities namely Capital RO 225,000, loan borrowed RO 40,500, amount payable to creditors RO 12,500, outstanding expenses RO 8500 and salary payable to family members who are not employees of the business 6,590. The assets consist of vehicles 50,000, machinery 35000, furniture RO 15,000, Bank balance of RO 14,200. Treasury bills RO 8500, short term notes receivables RO 16,500, money market funds RO 8,500 and money due to brother which borrowed for the personal expenses 2,550.

You are required to find the short term cash equivalent Assets, Other current Assets, Fixed assets, Noncurrent liabilities, current liabilities, derecognized amounts spent out of the business purposes. (5 Marks)