Use the following information to amswer the question that follows Ordinary share----------------------------------70,000 Retained earnings------------------...

Equity holders' funds refer to the shareholders' equity in a company, which is the residual interest in the assets of the company after deducting its liabilities. To calculate the equity holders' funds, we need to add the ordinary share capital and the retained earnings, as these are the two main components of shareholders' equity. In this case, the ordinary share capital is N70,000 and the retained earnings are N31,142. Therefore, the equity holders' funds are N70,000 + N31,142 = N101,142. We do not need to consider the other items, such as the motor vehicle, furniture and fittings, stock, debtors, bank, and creditors, as they are not directly related to the equity holders' funds. Therefore, the correct answer is "N101,142". is the correct answer. Options 1, 2, and 4 are incorrect as they do not accurately calculate the equity holders' funds.