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Help me please!!
A business’s bank balance increased by 750,000 during its last financial year. During the same period it issued shares of $1 million and repaid a loan note of 750,000. It purchased non current assets for $200,000 and charged depreciation of 100,000. Working capital ( other than the bank balance) increased by $ 575,000.
what was its profit for the year?
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Find it using CASH FLOW FORMAT
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