Use the following information to amswer the question that follows
Ordinary share———————————-70,000
Retained earnings—————————–31,142
Motor vehicle at cost————————–21,136
Accumulated dep. – motor vehicle———7,109
Furniture and fittings at cost—————-1,334
Accumulated dep. fur & fitts at cost——-1,007
Stock———————————————-32,200
Debtors——————————————-49,380
Bank———————————————–15,953
Creditors——————————————11,329
Equity holders fund is————-
- 112,471
- 111,834
-
101,142
- 14,027
The correct answer is: C
Explanation
Ordinary share + Retained earnings
70,000 + 31,142 = 101,142