A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of $1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $ 100,000. Working capital (other than the bank balance) increased by $575,000. What was its profit for the year?
A、$1,175,000
B、$1,275,000
C、$1,325,000
D、$1,375,000
A、$1,175,000
B、$1,275,000
C、$1,325,000
D、$1,375,000
【参考答案及解析】
Profit for the year 1,175 Add back depreciation 100 1275 Add： issue of shares 1,000 Less： repayment of loan notes (750) Less： purchase of non current assets (200) 1325 Less： increase in working capital (575) Increase in bank balance 750
Profit for the year 1,175 Add back depreciation 100 1275 Add： issue of shares 1,000 Less： repayment of loan notes (750) Less： purchase of non current assets (200) 1325 Less： increase in working capital (575) Increase in bank balance 750