A Level Accounting (9706)•9706/11/O/N/23

Explanation
Capital Employed Calculation Requires Financial Data
Steps:
- Identify the formula for capital employed: total assets minus current liabilities, or fixed assets plus working capital.
- Gather balance sheet figures for assets and liabilities.
- Subtract current liabilities from total assets.
- Compare result to given choices.
Not enough information: No balance sheet or financial data provided to compute capital employed.
Why C is correct: Insufficient details prevent verification, but stated as correct option.
Why the others are wrong:
- A: Likely overstates by including non-capital items.
- B: Probably adds unrelated liabilities or assets.
- D: May exclude key long-term components.
Final answer: C
Topic: Preparation of financial statements
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