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CHOOSE RIGHT ANSWER ONLY Choose the best answer. The building accumulated amortization account has a positive variation of $5,000. The building's initial accumulated depreciation balance

CHOOSE RIGHT ANSWER ONLY

Choose the best answer. The building accumulated amortization account has a positive variation of $5,000. The building's initial accumulated depreciation balance was $3,000. No disposal of fixed assets took place during the financial year: Question options:

Cash flow from operating activities under the indirect method increases by $2,000

Cash flow from operating activities under the indirect method increases by $5,000

Building accumulated depreciation ending balance is $2,000

Building accumulated depreciation ending balance is $5,000

CHOOSE RIGHT answer only:

During the 2023 financial year, the IKS company carried out the following operations:

Cash purchase of land for $150,000, Commitment of expenses of $30,000 (fully paid in cash), Cash sale of services for $55,000 Analysis of operations for fiscal year 2023 shows the following: Question options:

Increase in equity of $25,000 and decrease in assets of $150,000

Increase in equity of $55,000 and decrease in assets of $120,000

Increase in equity of $55,000 and decrease in assets of $30,000

Increase in equity of $25,000 and increase in assets of $25,000

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