7. 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.

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