Johnson Ltd's Statement of Financial Position contained the following information: Share capital £220,000 Share premium account £100,000 Retained earnings £280,000 Revaluation reserve £120,000 Current assets £260,000 Non-current assets £830,000 What must the company's total liabilities be? £1,810,000 B £720,000 £870,000 (D) £370,000
Johnson Ltd's Statement of Financial Position contained the following information: Share capital £220,000 Share premium account £100,000 Retained earnings £280,000 Revaluation reserve £120,000 Current assets £260,000 Non-current assets £830,000 What must the company's total liabilities be? £1,810,000 B £720,000 £870,000 (D) £370,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 37CE: Stockholder Profitability Ratios The following information pertains to Montague Corporation...
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