Determine the value of the trade investment?

By: |Published on: Dec 8|Categories: Accounting JAMB| 0 comments

Statement of assets and liabilities as at 31st December, 2001. Shareholders’ interest N240 Current liabilities N20 Current assets N110 Fixed assets N140

A. N8m
B. N10m
C. N15m
D. N20m

Correct Answer:

Option B – N10m

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