Use the information below to answer this question A B C Balance Sheet as at…

Commerce JAMB 2021

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

                                       ₦
Share capital              200,000
Reserves                    100,000
Long term liabilities     40,000
Current liabilities         30,000
                                   370,000

                                           ₦
Fixed assets                  180,000
Investment                     100,000
Current assets                50,000
Fictitious assets              40,000
                                       370,000

What is the capital employed?

  • ₦ 340,000
  • ₦ 200,000
  • ₦ 300,000 checkmark
  • ₦ 170,000

The correct answer is: C

Explanation

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