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A business’s bank balance increased by 750,000 during it’s last financial year . During the same period it issued shares if 1 million and repaid a loan note of 750000 . It purchased non current assets for 200,000 and charged depreciation of 100,000 . Working capital (other than the bank balance) increased by 575000.
What was it’s profit for the year ?
A ) 1,175,000
B) 1,275,000
C) 1,325,000
D) 1,375,000Please do not simply type out a full question and expect to be provided with a full answer. You must have an answer in the same book in which you found the question, so ask about whatever it is you are not clear about.
This question is testing on Statement of Cash Flows. Have you watched my free lectures on them?
(In future, if you want me to answer you must ask in the Ask the Tutor Forum. This forum is for students to help each other 🙂
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