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Gurbinder Limited Has Non-Current Assets of £250,000, Current Assets of £142,000

Question 8

Multiple Choice

Gurbinder Limited has non-current assets of £250,000, current assets of £142,000, current liabilities of £125,000 and equity of £150,000. Using the accounting equation, calculate the figure for non-current liabilities.


A) £667,000
B) £383,000
C) £367,000
D) £117,000

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