Use the information below to answer question . Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240 Current liabilities N20 Current assets N110 Fixed assets N140 Determine the value of the trade investment?

Use the information below to answer question . Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240 Current liabilities N20 Current assets N110 Fixed assets N140

Determine the value of the trade investment?

A N8m
B N10m
C N15m
D N20m

jamb 2002 accounting

The correct answer is B. N10m

No explanation given

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