JAMB Commerce 2006 Question 17

XYZ Balance Sheet As At 31/12/2004
Share capital ₦200 000 | Fixed assets ₦180 000
Reserves ₦100 000 | Investment ₦100 000
Long-term liabilities ₦40 000 | Current assets ₦50 000
Current liabilities ₦30 000 | Fictitious assets ₦40 000
Total ₦370 000 | Total ₦370 000
The total sum for financing short-term projects is

1. A.₦40 000
2. B.₦30 000
3. C.₦200 000
4. D.₦70 000.