Android Studio - Library reference ../google-play-services_lib could not be found importing project

Question

I am trying to import from Eclipse to AndroidStudio a project of mine and I am getting the following error

Answer 1

The easiest and simple solution is to copy google-play-services_lib folder from another project or SDK folder and past it to the location which is address in the error. By removing or commenting line in the project.properties will create errors in the project and won't allow you to build unless you take necessary steps and fix.