Question
Raysut Cement is and Omani company. The Balance Sheet at the year- end is shown below: Balance Sheet Assets Amounts in OMR Liabilities Amounts in
Raysut Cement is and Omani company. The Balance Sheet at the year- end is shown below:
Balance Sheet
| Assets | Amounts in OMR | Liabilities | Amounts in OMR |
| Cash | 16,000 | Account Payables | 22,000 |
| Account Receivables | 22,000 | Long Term Debts | 24,000 |
| Inventory | 20,000 | Capital | 54,000 |
| Goodwill | 12,000 |
|
|
| Plant and Machinery | 30,000 |
|
|
| Total | 100,000 | Total | 100,000 |
Exchange Rates:
The current exchange rate is GBP 1.92806 /OMR.
The historical rate is GBP 1.94302/ OMR
Average exchange rate is GBP 1.93704/ OMR.
The parent company wants to convert the functional currency to reporting currency using monetary/nonmonetary method. What is value of Inventory?
A- NONE OF THESE
B- 38,561.2
C- 38,740.8
D- 38.860.4
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Energy Management Audit And Conservation
Authors: U. P. Kumar Chaturvedula
1st Edition
6202015985, 978-6202015981
