A business 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 the profit for the year?
A.$1,175,000
B.$1,275,000
C.$1,325,000
D.$1,375,000
What was the profit for the year?
A.$1,175,000
B.$1,275,000
C.$1,325,000
D.$1,375,000