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9. During a reporting period, a company's assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore? Given the following information for

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9. During a reporting period, a company's assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore? Given the following information for Alhalabi Company for the year 2020: Revenues $1,200,000 Income from continuing operations 150,000 Net Income 135,000 Income from operations 330,000 Selling & administrative expenses 750,000 Income before income tax 300,000 Determine the amount of financing costs? a $ 150,000 b. $ 15,000 C$ 120,000 d. $ 30,000

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