A business has made a profit of $8,000 but its bank balance has fallen by $5,000. This
Fantastic news! We've Found the answer you've been seeking!
Question:
A business has made a profit of $8,000 but its bank balance has fallen by $5,000. This could be due to:
A. depreciation of $3,000 and an increase in inventories of $10,000
B. depreciation of $6,000 and the repayment of a loan of $7,000
C. depreciation of $12,000 and the purchase of new non-current assets for $25,000
D. the disposal of a non-current asset for $13,000 less than its book value
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Posted Date: