Utme 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Utme Commerce examination. This question covers Finance .

Utme 2021 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Finance
Question 14 UTME • 2021 • COMMERCE • objective
TABLE - Balance Sheet
Use the information below to answer questions 13 and 14. Use the information below to answer questions 13 and 14. \( \text{ABC Balance Sheet as at 31/12/2004} \) \( \begin{array}{l r | l r} \\ \hline & \mathbb{N} & & \mathbb{N} \\ \text{Share capital} & 200,000 & \text{Fixed assets} & 180,000 \\ \text{Reserves} & 100,000 & \text{Investment} & 100,000 \\ \text{Long term liabilities} & 40,000 & \text{Current assets} & 50,000 \\ \text{Current liabilities} & \underline{30,000} & \text{Fictitious assets} & \underline{40,000} \\ \hline \text{Total} & \underline{\underline{370,000}} & \text{Total} & \underline{\underline{370,000}} \\ \hline \end{array} \)

What is the capital employed?

Answer Options

A. N340,000
B. N200,000
Correct Answer C. N300,000
D. N170,000
Correct Answer
C
Correct Option:
N300,000

About This Question

This is Utme 2021 Commerce Question 14. It is one of the objective questions from the 2021 Utme Commerce examination.

The question covers Finance .

Difficulty level: 2 .

View More Utme 2021 Commerce Questions More Utme Practice Questions Back to Questions

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