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Derry's Business Has Non-Current Assets of £76 000 and Total

Question 8

Multiple Choice

Derry's business has non-current assets of £76 000 and total assets of £121 000.Current liabilities are £25 000 and there are no long-term liabilities.Capital is £96 000.Which one of the following statements is incorrect?


A) Current assets less current liabilities = £20 000
B) Current assets are less than capital by £51 000
C) Non-current assets are less than capital by £20 000
D) Non-current assets are greater than current assets by £56 000

Correct Answer:

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