Given:Authorized Capital: ₦ 100,000 ordinary shares of ₦1 each Issued and ...
Question
Given:
Authorized Capital: ₦
100,000 ordinary shares of ₦1 each
Issued and fully paid: ₦
50,000 ordinary shares of ₦1 each
10,000 8% preference shares of ₦1 each
Reserves: ₦10,000
Creditors: ₦25,000
Debtors: ₦13,000
Cash in hand: ₦5,000
Determine the net current assets
Options
A)
₦43,000
B)
₦28,000
C)
₦13,000
D)
₦3,000
The correct answer is D.
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