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The following information is for Zuhoor Muscat Company in Rial Omani for the year ending December 31,2020: Accounts Receivable 400,000; Cash 480,000; Copyrights 560,000; Land
The following information is for Zuhoor Muscat Company in Rial Omani for the year ending December 31,2020: Accounts Receivable 400,000; Cash 480,000; Copyrights 560,000; Land 760,000; Land held for investment 640,000; Building 800,000; Accumulated depreciation 240,000; Short-term Investment 320,000; Inventory 560,000; Accounts Payable 520,000; Salaries Payable 80,000; Notes Payable (due 30/6/2022) 720,000; Share Capital RO 960,000; Retained Earnings (31/12/2020) 2,000,000. The total amount of assets to be classified as non-current assets is: Select one: O a. RO 2,840,000. O b. RO 2,760,000. O c. RO 1,960,000. O d. RO 2,520,000
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