Post Utme Coal City University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet as of December 31, 2022: Assets: Cash 10,000 Accounts Receivable 5,000 Inventory 8,000 Total Assets 23,000 Liabilities: Accounts Payable 6,000 Salaries Payable 4,000 Total Liabilities 10,000 What is the total equity of the company?

Answer Options

A. 13,000
B. 15,000
Correct Answer C. 17,000
D. 19,000
Correct Answer
C
Correct Option:
17,000

About This Question

This is Post Utme Coal City University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.

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