CBD Shop cash balance in the balance sheet ending June 30 20X0 shows $16 000. The net cash flows during the year ending 30 June 20X1 is $12 000 and Which of the following is true? a.The shop net loss for the year ending 20X1 is $4 000. b.The withdrawal during the year is $4 000. c.The equity in the balance sheet ending 30 June 20X1 is $28 000. d.The cash in the balance sheet ending 30 June 20X1 is $28 000
CBD Shop cash balance in the balance sheet ending June 30 20X0 shows $16 000. The net cash flows during the year ending 30 June 20X1 is $12 000 and Which of the following is true? a.The shop net loss for the year ending 20X1 is $4 000. b.The withdrawal during the year is $4 000. c.The equity in the balance sheet ending 30 June 20X1 is $28 000. d.The cash in the balance sheet ending 30 June 20X1 is $28 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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CBD Shop cash balance in the balance sheet ending June 30 20X0 shows $16 000. The net cash flows during the year ending 30 June 20X1 is $12 000 and Which of the following is true?
a.The shop net loss for the year ending 20X1 is $4 000.
b.The withdrawal during the year is $4 000.
c.The equity in the balance sheet ending 30 June 20X1 is $28 000.
d.The cash in the balance sheet ending 30 June 20X1 is $28 000
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