Last year The Green Grocery had net fixed assets of $48,700. This year, The Green...
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Last year The Green Grocery had net fixed assets of $48,700. This year, The Green Grocery has net fixed assets of $51,400. Depreciation for this year is $6,300. Which one of the following statements is true given this information? Change in net fixed assets is a source of cash of $2,700. Change in net fixed assets is a use of cash of $9,000. Change in net fixed assets is a source of cash of $9,000. Change in net fixed assets is a use of cash of $2,700. Page 9 of 12 Next Page
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