The net worth of a business, as reported on its Statement of financial position, is: (a) Its
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The net worth of a business, as reported on its Statement of financial position, is:
(a) Its non-current assets plus current assets
(b) Its total assets minus its liabilities
(c) The capital plus its liabilities
(d) The current assets minus the liabilities
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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