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O-LevelAccountingPreparation of financial statements7707/11 · May/June 2024 · Q241 Mark

A company supplied the following information. $ issued and paid up share capital 300 000 general reserve 45000 long-term bank loan 8000 retained earnings 35000 6% debentures 25000 What is the total equity?

A$335 000
B$345000
C$380 000
D$413000

✓ Correct answer

C: $380 000

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2024 Paper 1 Variant 1, question 24.

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