QUESTION 4 Damian's statement of financial position shows the following totals Current asset 38,444 Current liabilities 26,300 Capital 39,477 What is Damian's non current assets for the year? ( Use the accounting equation) Oa. £27,333 39,477+26,300=65,777 Non -current assets= 65,777-38,444= £27,333 Assets= Capital + Liabilities b.£13,177 c. £65,777 d. £38,444

QUESTION 4 Damian's statement of financial position shows the following totals Current asset 38,444 Current liabilities 26,300 Capital 39,477 What is Damian's non current assets for the year? ( Use the accounting equation) Oa. £27,333 39,477+26,300=65,777 Non -current assets= 65,777-38,444= £27,333 Assets= Capital + Liabilities b.£13,177 c. £65,777 d. £38,444

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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