Net Fixed Assets Increased Accounting Assignment Help
A learner who majors in accounting studies needs to have a thorough understanding of a person’s or company’s financial situation in order to know whether they are making profits or losses, how much money is coming in and going out of their business overall, and what their organization’s current strengths and weaknesses are. The accounting scope of studies may not be as simple as it appears because it demands precision, which can be easily accomplished by my homeworkwriters. Below is an illustration of a similar question.
The following is ABC Corp. 2020 income statement: Sales = $305,000, Costs = $176,000, Other expenses = $9,000, Depreciation expense = $18,200, Interest expense = 12,900, Dividends = 18,300. Tax rate is 3 percent. In addition, you’re told that the firm issued $5,900 in new equity during 2020 and redeemed $52,000 in outstanding long-term debt. If net fixed assets increased by $43,000 during the year, what was the changes in NWC?
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