Solved

Mark's Statement of Financial Position at 31 October Contains the Following

Question 24

Multiple Choice

Mark's statement of financial position at 31 October contains the following balances: Mark's statement of financial position at 31 October contains the following balances:   Which one of the following statements is correct? A) Trade payables exceed capital by £390. B) Current liabilities exceed current assets by £4290. C) Current assets exceed non-current assets by £2830. D) Capital is higher than the inventory figure. Which one of the following statements is correct?


A) Trade payables exceed capital by £390.
B) Current liabilities exceed current assets by £4290.
C) Current assets exceed non-current assets by £2830.
D) Capital is higher than the inventory figure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions