Problembriannas wedding shops earned net income of 76000, Ask an Expert

Accounting

Problem:

Brianna's Wedding Shops earned net income of $76,000, which included depreciation of $17,000. Brianna's paid $122,000 for a building and borrowed $63,000 on a long-term note payable.

Required:

Question: How much did Brianna's cash balance increase or decrease during the year?

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165962

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