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Question - Following information is related to Andrew Ltd for the year ended 30/06/2020.
Cash and cash equivalents at the end of period 1,450
Cash and cash equivalents at the beginning of period ($3490)
The tax rate is 30%
Determine the net increase / (decrease) in cash and cash equivalents for the year ended 30/06/2020
a. $2,040
b. $4,940
c. ($3,490)
d. $1,450
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