Question: What are the correct figures for the two missing numbers; current liabilities and equity (shareholders' funds)? A Current liabilities: 70; equity 110 B Current liabilities:

 What are the correct figures for the two missing numbers; current

What are the correct figures for the two missing numbers; current liabilities and equity (shareholders' funds)? A Current liabilities: 70; equity 110 B Current liabilities: 50; equity 70 C Current liabilities: 50; equity 140 D Current liabilities: 70; equity 70 The equity of a company at the start of a period was 600,000. During the period the follow transactions occur: - Cash received from accounts receivable (debtors) of 55,000. - Sale of inventory (stock) for 90,000 on credit, the inventory had cost 75,000. - A 5 year bank loan of 50,000 is arranged and the cash received. - An unexpected bad debt of 5,000 is written off. The figure for equity at the end of the period is: A 735,000 B 660,000 C 610,000 D 600,000

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