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What would be the Total Non-Current Assets, if the Total Current Assets is OMR 2,460, Building OMR 2,000, Equipment OMR 1,200, and Land OMR 5,000, Accounts Payable OMR 900 O a. None of these O b. OMR 8,200 O c. OMR 9,100 O d. OMR 10,660 BMC Infra Company is a legally formed business under the Oman Commercial law, and is separate and distinct from its owners. Its total equity is OMR 500,000, which is divided into units of OMR 0.100 each. Mr. Basheer invested OMR500 to purchase such 5000 units, Mr. Basheer is a O a. Partner of the Partnership business b. Owner of the Sole Proprietorship C. Shareholder of the Corporation d. None of these We should avoid uncertainties and make sufficient provisions for unforeseen losses is the characteristics of which of the following convention? a. Money Measurement O b. None of these c. Materiality O d. Conservatism Mr Aarif, Mr Ahmed and Mr Hamid wants to start a business together. Each of them is ready to contribute OMR 1,000 as capital and will share the profits or loss equally, which form of business is suitable for them? O a. None of these O b. Sole Proprietorship O c. Corporation O d. Partnership The Capital Stock of the Salalah Engineering Consultant Company is OMR 56,000 and the Net Profit for the year is OMR 6,000. The company retained an amount of OMR 2,000 from the profit as Retained Earnings. What is the amount dividend distributed by the company? a. OMR 4,000 Ob. OMR 62,000 c. None of these O d. OMR 8,000

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