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Accounts for Minion Ltd Are as Follows The Amount for Equity Is:
A) $32 000
B) $25

Question 40

Multiple Choice

Accounts for Minion Ltd are as follows:
 Cash $8000 Accounts payable 15000 Wages payable 2000 Inventory 8500 Accounts receivable 4200 Equipment 14500 Loan payable 15000 Motor vehicles 22000 \begin{array}{lr}\text { Cash } & \$ 8000 \\ \text { Accounts payable } & 15000 \\ \text { Wages payable } & 2000 \\ \text { Inventory } & 8500 \\ \text { Accounts receivable } & 4200 \\ \text { Equipment } & 14500 \\ \text { Loan payable } & 15000 \\ \text { Motor vehicles } & 22000\end{array}
The amount for Equity is:


A) $32 000
B) $25 200
C) $57 200
D) $27 000

Correct Answer:

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