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A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance...

Commerce
NECO 2002
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
  • A. authorized capital
  • B. called-up capital
  • C. capital employed
  • D. fixed capital
  • E. working capital
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Correct Answer: Option E
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