Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares..............30,000...

WAEC 1989

Use the following information to answer the given question:
Issued capital.................100,000
Ordinary shares................40,000
Preference shares..............30,000
Reserves.......................10,000
Debentures.....................60,000
Current........................150,000
Fixed assets...................90,000
Current assets.................240,000
What is the total of the loan capital of the business?

A. N10,000
B. N30,000
C. N40,000
D. N60,000
E. N70,000

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Correct Answer: Option D

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