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Question 2: Oman Oil Marketing Company CONSOLIDATED STATEMENT OF FINANCIAL POSITION December 31,2021...

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Accounting

Question 2:
Oman Oil Marketing Company
CONSOLIDATED STATEMENT OF FINANCIAL POSITION December 31,2021 and December 31,2022(in millions).
Current Assets: (Amounts in OMR)
2022
2021
Cash and cash equivalents
1,000750
Accounts receivable, less allowances of OMR 57 and OMR 59, respectively
800
850
Notes to Consolidated Financial Statements (in part)
NOTE 2: Trade Receivables
The following table summarizes the activity in the allowance for doubtful accounts
2022
2021
\table[[,OMR,OMR
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