Post Utme Osustech 2023 Accounting Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Osustech Accounting examination.
A company has the following balance sheet as at December 31, 2022: Cash 50,000, Accounts Payable 20,000, Common Stock 100,000, Dividends 5,000, Equipment 80,000, Interest Expense 10,000, Net Income 20,000, Retained Earnings 30,000, Salaries Expense 15,000, Sales Revenue 150,000, Taxes Payable 10,000, Utilities Expense 5,000. What is the total amount of the company's liabilities as at December 31, 2022?
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About This Question
This is Post Utme Osustech 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.
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