subject :financial statement analysis (Act 450)

QUESTION 2) (30 pts) AlSadiq Investment Holding Company is a listed company operating in the Middle East. Below table shows the equity investments of AlSadiq and extracted from 2021 Consolidated Balance Sheet of the company. Company Country of investment Principal activities % of Participation 2021 2020 Management's Plan 2021 2020 AlHajri Dairy and Kuwait Manufacturing of dairy and food products 5 10 Sell soon Not sure to hold or sell. Food Stuff AlHamdan Plastics Company Kuwait Manufacturing of plastic materials 34.7 15 Hold for years Sell soon AlHouti Industries Company Kingdom of Saudi Arabia Trading of chemical of plastic materials 53.5 40.74 Hold for years Hold for years AlJassim Chemical Company Kuwait Trading of medical supplies 60 60 Hold for years Hold for years Using the data given in the table indicate whether the following statements are True or False and justify your answers. If you just say True or False, you will not gain any points. You need to justify your answer providing at least one reason using a min of 25 words for each item. a) The value of AlHouti Industries Company is included in the non-current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify. (6 pts) b) The value of Aljassim Chemical Company investment is included in the non-current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify. (6 pts) c) The value of AlHajri Dairy and Food Stuff is included in "Available for sale financial assets in the non-current assets" of 2020 Consolidated Balance Sheet of AlSadiq. True or False? Justify. (6 pts) d) AlSadiq has significant influence on AlHouti Industries Company in 2020. True or False? Justify. (6 pts) e) The value of AlHamdan Plastics Company is included in the "Investment in associates" in the non-current assets of 2021 Consolidated Balance Sheet of AlSadiq. True or False? Justify. (6 pts)