5. Given the following information, what is the amount of Equity. Buildings £30,000, Inventory £5,600, Bank £750, Trade payables £2,200, Loan £7,000? A. £29,150 B. £36,350 C. £41,150 D. None of the above

5. Given the following information, what is the amount of Equity. Buildings £30,000, Inventory £5,600, Bank £750, Trade payables £2,200, Loan £7,000? A. £29,150 B. £36,350 C. £41,150 D. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. Given the following information, what is the amount of Equity.
Buildings £30,000, Inventory £5,600, Bank £750, Trade payables £2,200,
Loan £7,000?
A. £29,150
B. £36,350
C. £41,150
D. None of the above

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