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Farook Limited Has Current Assets of £68,420, Current Liabilities of £50,328

Question 1

Multiple Choice

Farook Limited has current assets of £68,420, current liabilities of £50,328, non-current liabilities of £102,000 and equity of £202,359. Using the accounting equation, calculate the figure for non-current assets.


A) £18,389
B) £118,451
C) £286,267
D) £423,107

Correct Answer:

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