Q2. a) Explain about stock dividend. In which situations the corporation

or company issues the stock dividend with suitable examples on your own.

b) Muscat corporation had the following information for the year ended to prepare and show its financial position for the year 2020. The information provided to you the following:

Buildings- RO 34,500 Investment in Properties RO 5,800

Other financial assets (long term) RO 7,500 Machinery RO 22,500

Share capital RO, Retained earnings RO 8,800

Long term debt RO 28,500 Share premium RO 7,600

Trade payables RO 24,300 Rent outstanding RO 2,400

Trade receivables- RO 65,400 Other current financial liability RO 3,500

Income tax payables- RO 1,200, Deferred tax liability RO 3,400

Analyze the above items and prepare the Balance sheet of the above business by showing the classification of assets and liabilities as per IFRS.