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Determine the net increase or decrease in cash

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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

Reference no: EM133013267

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