Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

If the creditor's financial claim to property totals $1,0 and the owner's financial claim to property totals $11,0, the property value is _.

a. $10,0 b. $11,0 c. $12,0 d. $1,0

Accounting Fixed Assets Finance
user-image
Question added by خالد ابراهيم , Senior Accountant , Al Khayyat Group /Peugeot and Mazda Automative agent in Jordan
Date Posted: 2013/11/10
Upvote (2) Views (12) Followers (1) Answers (5) Report Question
Write an Answer
Register now or log in to answer.
Khalid Noor
by Khalid Noor , Accounting Manager , FedEx

12,0

Asset = Equit + liability

Deleted user
by Deleted user

11+1=12 in an ideal senario

Saad Kapadia FCA - CIA - CFE - CISA - CRMA-FMVA
by Saad Kapadia FCA - CIA - CFE - CISA - CRMA-FMVA , Head Of Internal Audit , Cenomi Centers

I would also go for (c)1$2.0 

Rahul Sharma
by Rahul Sharma , Project Head & Finance Manager , Rays Power Private Limited

THe answer would Be12

As cost of asset is always a sum of owner equity and liablilities and here in this scenario Owners claim is11 and creditors liability is1 so answer would be12

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help