Use the following information to answer the question below:<br> ? <tr>100,000 ordinary shares of ?1...
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Use the following information to answer the question below:<br> ? <tr>100,000 ordinary shares of ?1 each 100,000 50,000 5% preference shares of ?1 each 50,000 Profit and loss 80,000 8% debentures 100,000 Creditors 30,000 Bank overdraft 20,000 Plants and machinery 100,000 Furniture and fittings 30,000 Stock 80,000 Debtors 50,000 </tr> What is the amount of share capital?
- A) ?330,000
- B) ?250,000
- C) ?230,000
- D) ?150,000
Correct Answer: D) ?150,000
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