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QUESTION 2) (30 pts) AlSadiq Investment Holding Company is a listed company operating in the Middle East. Below table shows the equity investments of AlSadiq

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QUESTION 2) (30 pts) AlSadiq Investment Holding Company is a listed company operating in the Middle East. Below table shows the equity investments of AlSadiq and extracted from 2021 Consolidated Balance Sheet of the company. Principal activities % of Participation 2021 2020 Management's Plan 2021 2020 Country of Company investment AlHouti Industries Kuwait Company Manufacturing of plastic materials 60.00 60.00 Hold for years Hold for years 34.70 15.00 Hold for years Not sure to hold or sell. AlHamdan Kuwait Trading of chemical of plastic Plastics materials Company AlHajri Kingdom of Manufacturing of dairy and Dairy and Saudi Food Stuff Arabia food products AlJassim Chemical Kuwait Trading of medical supplies Company 53.50 40.74 Hold for years Hold for years 5 10 Sell soon Sell soon Using the data given in the table indicate whether the following statements are True or False and justify your answers. If you just say True or False, you will not gain any points. You need to justify your answer providing at least one reason using a min of 30 words for each item a) The value of AlHouti Industries Company is included in the non-current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify. (6 pts) b) The value of Alassim Chemical Company investment is included in the current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify (6 pts) c) The value of Al Hamdan Plastics Company is included in "Available for sale financial assets in the non-current assets" of 2020 Consolidated Balance sheet of AlSadiq. True or False? Justify. (6 pts) d) AlSadiq has significant influence on AlHajri Dairy and Food Stuff investment in 2020. True or False? Justify. (6 pts) e) The value of Al Hamdan Plastics Company is included in the "Investment in associates" in the non-current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify (6 pts)

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