Johnson Ltd's Statement of Financial Position contained the following information: Share capital 220,000 Share premium account...
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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? 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?
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To determine the total liabilities of Johnson Ltd we need to use the accounting equation Total Asset... View the full answer
Related Book For
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
Posted Date:
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