Answered: Given non-current assets of £40,000,…

Given non-current assets of £40,000, current assets of £13,000, current liabilities of £4,000, and non-current liabilities of £10,000, owner's equity will be:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Given non-current assets of

£40,000,

current assets of

£13,000,

current liabilities of

£4,000,

and non-current liabilities of

£10,000,

owner's equity will be:

The equity value is

£enter your response here

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