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Black Limited has listed the following amounts in its balance sheet: Cash 10 000 Buildings 75 000 MCFM_FR&A (All Campuses) SUJET Drill-Testing Random Qs(F2020) 5
Black Limited has listed the following amounts in its balance sheet: Cash 10 000 Buildings 75 000 MCFM_FR&A (All Campuses) SUJET Drill-Testing Random Qs(F2020) 5 Trade payables (creditors) 25 000 Taxes payable within one year 15 000 Trade receivables (debtors) 55 000 Plant and equipment 30 000 Inventory (Stock) 60 000 What is the amount of the ownership interest (equity)? A) 65 000 B) 85 000 C) 190 000 D) 170 000
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