If Prayag International Ltd. is an all equity company it will definitely mean that: (a) The current
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If Prayag International Ltd. is an all equity company it will definitely mean that:
(a) The current liabilities are greater than the current assets
(b) Fixed assets + Working Capital = Owners’ Equity
(c) Net Worth = Working Capital
(d) Net Worth < Working Capital
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The correct option is b Fixed assets Working Capital Owners Equity Explanation An allequity company ...View the full answer
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Related Book For 
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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