If net assets of a business totalled 200,000 and its total assets on that date amounted to
Question:
If net assets of a business totalled £200,000 and its total assets on that date amounted to £325,000, its liabilities would amount to:
(a) £125,000
(b) £200,000
(c) £525,000
(d) Not sufficient information to calculate
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
If the net assets of a business totalled 540,000 and its liabilities totalled 316,800, its total assets on that date would amount to: (a) 223,200 (b) 540,000 (c) 633,600 (d) 856,800
-
China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Suppose the United States imposes a tariff on imported sugar. What are the consequences of this on consumers, domestic and foreign producers, and land use?
-
(a) Find the force, FE, pulling up on the beam holding the sign shown in Figure. (b) Find theMA. 1.50 m- -1.50 m Ft
-
A manufacturer of portable radios obtained a sample of 50 radios from a weeks output. The radios were checked and the numbers of defects were recorded as follows. Calculate the standard deviation....
-
Provide an overview of the accounting requirements of AASB 121/IAS 21 in relation to foreign currency transactions and exchange differences.
-
Nina is the auditor for Geiger Construction, a local builder. Geiger recently renovated a historic building in downtown Kingston. The building, which consists of 5 shops, is owned by the Restoring...
-
4. The atomic numbers of elements, U, V, W and X are 13, 14, 16 and 17 respectively. Which one of the elements will react with oxygen to form an ionic compound? (Atomic number of oxygen is 8) X A. B....
-
Bernards Retail extracted a Trial Balance from their books of accounts on 31 December 2010, the last day of its accounting period, as shown on the right. You are informed that: (a) All goods...
-
If, as at the year-end, the total assets of a business were 189,000 and business liabilities were 126,000, what would be the owners capital as at that date? (a) 63,000 (b) 126,000 (c) 189,000 (d)...
-
Complete the following. (a) Solve the equation symbolically. (b) Classify the equation as a contradiction, an identity, or a conditional equation. 2 x 2 (x - 1) = 2x + 2 +2
-
Solve using the quadratic formula. 0 2x +9x +5 = X = List your answers, separated by commas. Give exact answers or decimals accurate to at least 3 decimal places.
-
You are a treasurer at City Finance Bhd. You have made an arrangement with Putra Finance to borrow RM2 million in December 2020 for a period of 3 months. Putra Finance agrees to lend you at a rate of...
-
Justin Bieber has a tax rate of 35%. The par value for each of its bonds is $1,000. The bonds have 15 years to maturity and currently selling at 93% of their par value with a yield to maturity of...
-
What is a shared system of symbols, beliefs, and norms for behavior?
-
What is the purpose of administering magnesium sulfate to a patient in labor? What is the purpose of administering magnesium sulfate to a patient in labor? The purpose is to manage pain. The purpose...
-
The following data represent the running lengths (in minutes) of the winners of the Academy Award for Best Picture for the years 20042009. 2004: Million Dollar Baby .....132 2005: Crash...
-
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
-
Calculating and interpreting long-term liquidity ratios Data taken from the financial statements of Arcelor Mittal, a steel manufacturer headquartered in the Netherlands, appear below amounts in...
-
Effect of various transactions on financial statement ratios Indicate the immediate effects (increase, decrease, no effect) of each of the following independent transactions on (1) the rate of return...
-
Effect of various transactions on financial statement ratios Indicate the effects (increase, decrease, no effect) of the following independent transactions on (1) earnings per share, (2) working...
-
Describe what a Reconciliation Action Plan (RAP) is and how it might be used in an early childhood service.
-
What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products via recycling scrap steel in particular? five-forces...
-
What are the five (5) basic steps to establishing payment levels? What factors determine payment levels
Study smarter with the SolutionInn App