Use the information below to answer question . Statement of assets and liabilities as at…

Accounts - Principles of Accounts JAMB 2002

Use the information below to answer question . Statement of assets and liabilities as at 31st December, 2001. Shareholders’ interest N240 Current liabilities N20 Current assets N110 Fixed assets N140

Determine the value of the trade investment?

  • N8m
  • N10m checkmark
  • N15m
  • N20m

The correct answer is: B

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