Question
True or False? Time 1: Sales = 500 and Cash 50 =+ long-term debt 100 + capital stock 100 + opening retained earnings 0 +
True or False?
| Time 1: Sales = 500 and Cash 50 =+ long-term debt 100 + capital stock 100 + opening retained earnings 0 + net income 50 + current liabilities 100 inventory 100 fixed assets 200 Time 2: Sales = 750 and Cash 125 =+ long-term debt 100 + capital stock 100 + opening retained earnings 50 + net income 75 + current liabilities 100 inventory 100 fixed assets 200. Profits (net income) are the source of cash in Time 2 |
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
