Current assets: inventory 15K, cash 25K, debts receivables 10K non current assets: land 500K, plant and machinery

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Current assets: inventory 15K, cash 25K, debts receivables 10K non current assets: land 500K, plant and machinery 25K, investments 75K liabilities; credits/payables 150k, non current liabilities (loan) 100k. What is the owners equity?

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Feb 16, 2024 03:10 AM

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Current assets: inventory 15K, cash 25K, debts receivables 10K non current assets: land 500K, plant and machinery

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To calculate the owners equity we need to subtract the total liabili... View the full answer

Advanced Accounting

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