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A Business Has Made a Profit of £120, Its Opening

Question 7

Multiple Choice

A business has made a profit of £120, its opening inventory was £30, it purchases were £150 and it closing inventory was £50. All transactions were for cash. What was the total cash inflow for the period?


A) £100
B) £120
C) £250
D) £150
E) None of the above

Correct Answer:

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