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Question 8

Multiple Choice

Use the following information to answer questions.The Balance Sheet of MNO Company shows current assets of £1,250,000; current liabilities of £900,000; non-current assets of £2,400,000; and long-term debt of £750,000.
-Shareholders' funds are:


A) £3,650,000
B) £1,650,000
C) £2,000,000
D) £1,000,000

Correct Answer:

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