Given:
Authorized Capital: N100,000 ordina...
Given:
Authorized Capital: N100,000 ordinary shares of N1 each
Issued and fully paid:
50,000 ordinary shares of N 1 each 50,000
10, 000 8% perference shares
of N 1 each
Reserves 10,000
Creditors 25,000
Debtors 13,000
Cash in hand 5000
Determine the net current assets
N43,000
N28,000
N13,000
N3,000
Correct answer is D
No explanation has been provided for this answer.
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