Use the following information to answer the given...
Use the following information to answer the given question
DRCRNNGoodwill10,000Plant and Machinery32,000Freehold premises50,000stock15,000debtors12,500Cash in bank7,500cash in hand2,000Profit and loss account34,000Accrued rent500Sundry creditors9500Capital¯129,000¯129,000
What is the value of fixed tangible assets?
N92,000
N89.500
N82,000
N60,000
N42,000
Correct answer is C
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 24...