Determine the owner's equity
...
Determine the owner's equity
N 38 000 000
N 20 000 000
N 42 000 000
N 25 000 000
Correct answer is A
Owner's Equity = Assets - Liabilities
Assets = 26,000,000 + 5,000,000 + 22,000,000 = 53,000,000
Liabilities = 4,000,000 + 11,000,000 = 15,000,000
Equity = 53,000,000 - 53,000,000 = 38,000,000
Similar Questions
Hire purchase is beneficial to the seller because? ...
A ship that travels without schedule is called a ...
The process of buying and selling and distribution of goods and services is ______ ...
What is the net working capital? ...
Who among the following engages in manufacturing occupation? ...
Given: i. Shoemaker ii. Policeman iii. Fisherman iv. Gardener v.Broker The persons engaged i...
Which of the following is not a function of the Nigerian Ports Authority? ...
Which of the following is not the objective of Consumer Association? To ...