Multiple Choice
The balance sheet of a firm shows beginning net fixed assets of $348,200 and ending net fixed assets of $371,920.The depreciation expense for the year is $46,080 and the interest expense is $11,460.What is the amount of the net capital spending?
A) -$22,360
B) -$4,780
C) $23,720
D) $58,340
E) $69,800
Correct Answer:
Verified
Correct Answer:
Verified
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