Accounts for Minion Ltd Are as Follows The Amount for Equity Is:
A) $32 000
B) $25

question 11

Multiple Choice

Accounts for Minion Ltd are as follows:
$\begin{array}{lr}\text { Cash } & \$ 8000 \\ \text { Accounts payable } & 15000 \\ \text { Wages payable } & 2000 \\ \text { Inventory } & 8500 \\ \text { Accounts receivable } & 4200 \\ \text { Equipment } & 14500 \\ \text { Loan payable } & 15000 \\ \text { Motor vehicles } & 22000\end{array}$
The amount for Equity is:

• A) $32 000
• B) $25 200
• C) $57 200
• D) $27 000

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