Post Utme Osustech 2023 Accounting Question 25
Practice objective / multiple choice question 25 from the 2023 Post Utme Osustech Accounting examination.
A company has the following trial balance as at December 31, 2022: Accounts Payable 50,000, Accounts Receivable 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 equity as at December 31, 2022?
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About This Question
This is Post Utme Osustech 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.
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