O-LevelAccountingAccounting principles and policies7707/11 · Oct/Nov 2018 · Q291 Mark
Kim has been in business for many years and expects this will continue. She provided the following information. $ premises at cost 50 000 at market value 65000 trade receivables at book value 14000 Trade receivables included a debt of $2000 which was unlikely to be paid. At which total value were these assets recorded in Kim's statement of financial position?
A$62 000
B$64 000
C$77000
D$79000
✓ Correct answer
A: $62 000
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