Given:
Assets and Liabilities of a Local Government
Bank balance #6,484,000
Cash # 900,000
General revenue balances #9,774,500
Accrued salaries #1,220,000
Investment in shares #1,480,000
Vehicles #7,620,000
Calculate the liabilities of the local government.
#10,994,500
#17,394,500
#18,774,500
#18,874,500
Correct answer is A
No explanation has been provided for this answer.