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    Business
  3. Study Set
    Accounting Understanding and Practice
  4. Exam
    Exam 1: The Statement of Financial Position Balance Sheetand What It Tells Us
  5. Question
    If Non-Current Assets Are £250,000,current Assets £70,000,long-Term Borrowing £50,000 and Current
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If Non-Current Assets Are £250,000,current Assets £70,000,long-Term Borrowing £50,000 and Current

Question 20

Question 20

Multiple Choice

If non-current assets are £250,000,current assets £70,000,long-term borrowing £50,000 and current liabilities £10,000 ,what is the value of owner's equity?


A) £240,000
B) £260,000
C) £120,000
D) £270,000

Correct Answer:

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