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Exam-style practice

Statement of financial position answer explanations

Review worked answers and explanations for Statement of financial position. Aligned to Cambridge IGCSE Business Studies.

Answer explanations

Question 1 of 4

Review the answer support, then move sideways through the set.

Paper 1 structured question: Statement of financial position

Paper 1Short Answer and Data Response1 marks

Description

Company Financial Data

The company’s financial position is summarized as follows: Total Assets: $500,000; Total Liabilities: $300,000.

  1. a

    State the total equity of the company.

    [1]