Western Bank purchased in 15% of the voting shares of Finserv LLC for OMR 150,000 on January 2019.During 2019 Finserv earned OMR 250,000 net income and paid OMR 200,000 dividend. In the year 2020 Finserv did not earn any net income but paid OMR 100,000 dividend. What is the carrying value of Western Bank investment in Finserv LLC on Dec 31,2020? a. OMR157,000 b. OMR 142,500 c. OMR 100,000 d. OMR 150,000 Flag question On January 1, 2020, Company A acquired 20,000 shares of Company B at a cost of OMR 4 per share. Transaction cost amounts to OMR 400. The investment is classified as Held for Sale. On 31/12/2020 the fair value of B's shares decreased to OMR 3.7 per share. How much is the gain or loss, recorded in investment account on subsequent recognition on 31/12/2020? a. Loss credited to investment account is OMR 6,000 b. Loss credited to investment account is OMR 74,000 c. Gain debited to investment account is OMR 74,000 od Gain debited to investment account is OMR 6,400 Gulf finance acquired 6,000 shares of HSBC Bank at a cost of OMR 6 per share on January 1, 2020. Transaction cost amounts to OMR 200.Gulf finance choose to include the transaction in the investment cost. The investment is classified as available for sale. What is the journal entry for initial recognition of investment? a. None of the option is correct b. Investment Account Debit OMR 36,000;Miscellaneous Expense Account debit OMR 200; Cash Account Credit OMR 36,200. C. Investment Account Debit OMR 36,200;Cash Account Credit OMR 36,200. d. Investment Account Debit OMR 36,000; Cash Account Credit OMR 36,000