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Paige's Statement of Financial Position at 30 April 20X5 Shows

Question 21

Multiple Choice

Paige's statement of financial position at 30 April 20X5 shows the following: Paige's statement of financial position at 30 April 20X5 shows the following:   Paige is currently negotiating a further long-term loan of £10 000.If she is successful, and assuming no other transactions, which of the following statements will be correct in respect of her business's financial position? A) Capital will increase by £10 000 B) Long-term liabilities will increase by £10 000 but no other figure will be affected C) The capital figure will remain unchanged D) Current assets will remain unchanged Paige is currently negotiating a further long-term loan of £10 000.If she is successful, and assuming no other transactions, which of the following statements will be correct in respect of her business's financial position?


A) Capital will increase by £10 000
B) Long-term liabilities will increase by £10 000 but no other figure will be affected
C) The capital figure will remain unchanged
D) Current assets will remain unchanged

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