Johnson Ltd's Statement of Financial Position contained the following information:Share capitalShare premium accountRetained earningsRevaluation reserveCurrent assetsNon-current assets£830,000What must the company's total liabilities be?A) £1,810,000B) £720,000сC) £870,000D £370,000£220,000£100,000£280,000£120,000£260,000

BALANCE SHEET The balance sheet is one of the important financial statements of the company. Balance…

Johnson Ltd's Statement of Financial Position contained the following information: Share capital £220,000 Share premium account £100,000 Retained earnings £280,000 Revaluation reserve £120,000 Current assets £260,000 Non-current assets £830,000 What must the company's total liabilities be? £1,810,000 B £720,000 £870,000 (D) £370,000

Johnson Ltd's Statement of Financial Position contained the following information: Share capital £220,000 Share premium account £100,000 Retained earnings £280,000 Revaluation reserve £120,000 Current assets £260,000 Non-current assets £830,000 What must the company's total liabilities be? £1,810,000 B £720,000 £870,000 (D) £370,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 37CE: Stockholder Profitability Ratios The following information pertains to Montague Corporation...

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