Use the following information to answer this question.

Club building 400,000

Subscription prepaid 3,000

Sport kits 150,000

Bar creditors 85,000

Subscription owing 32,000

What is the club’s total liabilities

a

N11, 700

b

N26, 700

c

N88, 000

d

N85, 000

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Explanation

Correct Option
c

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