The net worth of a business, as reported on its Statement of financial position, is: (a) Its

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The net worth of a business, as reported on its Statement of financial position, is:
(a) Its non-current assets plus current assets
(b) Its total assets minus its liabilities
(c) The capital plus its liabilities
(d) The current assets minus the liabilities

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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