Burgess's business has non-current assets of £64 000, current assets of £26 000, current liabilities of £21 000 and long-term liabilities of £5000.Which one of the following statements is correct?
A)The total of capital is the same as non-current assets
B)Total assets is greater than long-term liabilities by £90 000
C)Capital is less than non-current assets
D)The total of non-current plus current assets is £4000 less than capital.

Question

Quizplus · Accepted Answer

The Answer of Burgess's business has non-current assets of £64 000, current assets of £26 000, current liabilities of £21 000 and long-term liabilities of £5000.Which one of the following statements is correct?
A)The total of capital is the same as non-current assets
B)Total assets is greater than long-term liabilities by £90 000
C)Capital is less than non-current assets
D)The total of non-current plus current assets is £4000 less than capital.

Burgess's Business Has Non-Current Assets of £64 000, Current Assets