QUESTION 16 Given the following, what is the amount of capital? Assets: Van 60,000; inventory $9,500; cash $300. Liabilities: accounts payable $3,000; loan from Sam Trading $5,000. A. $59,800 B. $61,800 C. $60,800 D. $62,400 QUESTION 17 The effects of acquiring a motor vehicle on credit are: A. B. Assets & capital increased by the same amount. Assets & liabilities increased by the same amount. C. Liabilities & capital increased by the same amount. D. Assets, liabilities & capital increased by the same amount.in Option 1 QUESTION 18 Which one of the following is true, to compute Cost of goods sold? MBA University of Cyberjaya AME 5323 Accounting QUIZ A. Sales less expenses. B. Sales less Assets. C. D. Opening inventory plus purchases, less closing inventory. Assets less liabilities. 122020 Page 6 of 6