Provide the missing information.
Consolidated Metal Bashers
Balance Sheet as at 30 September, 2015
(in $'000)
ASSETS LIABILITIES
Current Assets Current Liabilities
Cash _?_ Accounts Payable 30
Inventory 20 Long Term Liabilities
Accounts Receivable 20 Bank Loan 40
Fixed Assets
Furniture 10 OWNERS EQUITY
Machinery 45 Common Shares _?_
Retained Earnings 10
TOTAL ASSETS _?__ TOTAL LIABS. + EQUITY 100
The value of the share capital invested by the owners of Consolidated Metal Bashers was
Group of answer choices
a-10
b-20
c-40
d-50
e-We don't have enough information to know.
Consolidated Metal Bashers
Balance Sheet as at 30 September, 2015
(in $'000)
ASSETS LIABILITIES
Current Assets Current Liabilities
Cash _?_ Accounts Payable 30
Inventory 20 Long Term Liabilities
Accounts Receivable 20 Bank Loan 40
Fixed Assets
Furniture 10 OWNERS EQUITY
Machinery 45 Common Shares _?_
Retained Earnings 10
TOTAL ASSETS _?__ TOTAL LIABS. + EQUITY 100
The value of the cash held by Consolidated Metal Bashers was:
Group of answer choices
a-5
b-10
c-20
d-40
e-We don't have enough information to know.
