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The following information is for Zuhoor Muscat Company in Rial Omani for the year ending December 31,2020: Cash 240,000; Accounts Payable 260,000; Copyrights 420,000; Land
The following information is for Zuhoor Muscat Company in Rial Omani for the year ending December 31,2020: Cash 240,000; Accounts Payable 260,000; Copyrights 420,000; Land 380,000; Land held for investment 320,000; Building 400,000; Accumulated depreciation 120,000; Short-term Investment 160,000; Inventory 280,000; Accounts Receivable 200,000; Salaries Payable 40,000; Notes Payable (due 30/6/2022) 360,000; Share Capital 480,000; Retained Earnings (31/12/2020) 1,000,000. The total amount of assets to be classified as current assets is Select one: O a. RO 880,000. O b. RO 1,200,000. O C. RO 720,000. O d. RO 600,000
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