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Please help me to deal with this:
A business’s bank balance increased by 750000 during its last final year. During the same period it issued shares of $1 million and erpaid a loan note of 750000. It purchased non-current assets for 200000 and charged Depreciation of 100000. Working capital ( other than the bank balance) increased bt 575000.
What was its profit for the year?Check this topic! https://opentuition.com/topic/what-was-its-profit-for-the-year/
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Thanks so much 😀
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