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  2. Topic
    Business
  3. Study Set
    Business Accounting and Finance
  4. Exam
    Exam 2: The Statement of Financial Position
  5. Question
    Elliott's Business Has Current Liabilities of £9000, Non-Current Assets of £36
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Elliott's Business Has Current Liabilities of £9000, Non-Current Assets of £36

Question 3

Question 3

Multiple Choice

Elliott's business has current liabilities of £9000, non-current assets of £36 000 and current assets of £12 000.There are no long-term liabilities.What is Elliott's capital?


A) £3000
B) £15 000
C) £39 000
D) £33 000

Correct Answer:

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