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7 out of question Presented below is the trial balance of Muscat Corporation at December 31, 2019 Accounts Debit Credit Cash OMR 197,000 Sales Revenue
7 out of question Presented below is the trial balance of Muscat Corporation at December 31, 2019 Accounts Debit Credit Cash OMR 197,000 Sales Revenue OMR 8,100,000 Trading securities 153,000 Cost of Goods Sold 5,132,000 Debt Investments (long-term) 299,000 Equity Investments (long-term) 277,000 Notes Payable (short-term) 90,000 Accounts Payable 455,000 Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 352,000 25,000 900,000 211,000 97,000 250,000 250,000 Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Raw Materials Work in process Finished Goods Gain (extraordinary) Notes Payable (long-term) Equipment Bonds Payable (Due 2025) Accumulated Depreciation-Equipment Franchises Share Capital Treasury shares 80,000 900,000 600,000 1,000,000 60,000 160,000 1,000,000 191,000 195,000 Patents 210,000 Retained Earnings Provision for pensions 80,000 If this information was used to prepare a statement of financial position, Total Non- Current Liabilities should be: Select one: O a. 777,000 O b. 1,019,000 O c. 2,757,000 O d. None of the answers are correct O e. 1,980,000
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