Solution-Which is true for bcc shop

Which is true for bcc shop

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Reference no: EM132967595

Problem 1: BCC Shop net cash flows during the year ending 30 June 20X1 is $6 000 and the cash balance in the balance sheet shows $8 000. Which of the following is true?

a. The shop net income for the year ending 20X1 is $2 000.
b. The cash in the balance sheet ending 30 June 20X0 is $2 000.
c. The equity in the balance sheet ending 30 June 20X1 is $14 000.
d. The withdrawal during the year is $2 000.

Reference no: EM132967595

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Which is true for bcc shop

Reference no: EM132967595

Reference no: EM132967595

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