Question
A company recorded depreciation of a building for period used, $720. What effect will this have on the Cash account and Net Income? Select one:
A company recorded depreciation of a building for period used, $720. What effect will this have on the Cash account and Net Income?
Select one:
a. Cash: -720; Net Income: 0.
b. Cash: -720; Net Income: -720.
c. Cash: 0; Net Income: -720.
d. Cash: 0; Net Income: 0.
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The Financial Times Essential Guide To Budgeting And Forecasting How To Deliver Accurate Numbers
Authors: Nigel Wyatt
1st Edition
0273768131, 9780273768135
