Cambridge IGCSE Business Studies practice
Try the question first, then check the answer and practise the same topic again.
At a glance
MCQ
Type
cambridge_mcq
Style
Topic
Statement of financial position
Exam-style question
Which of the following is considered a current asset?.
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Common mistake
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Flashcard 1 of 6
Question 1 of 5
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Description
The company’s financial position is summarized as follows: Total Assets: $500,000; Total Liabilities: $300,000.
State the total equity of the company.
Aim for approximately 1 distinct marking point.