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A Business Owner Has Provided You with the Following Information

Question 3

Multiple Choice

A business owner has provided you with the following information on their market trading business. Flat - leasehold £150000, inventory of goods £8000 bought for next market, van £2000, bank overdraft £700, stall £1 500. What is the owners' equity?


A) £161500
B) £11500
C) £160800
D) £10800
E) None of the above

Correct Answer:

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