This question was asked in What is Cash Flow as per AS-3
During the year, Business A’s assets increase £3,000,000 and its liabilities increase £400,000 as the result of its profit-making activities. During the year, Business B’s assets increase £2,000,000 and its liabilities decrease £600,000 as the result of its profit-making activities. What is the annual profit of each business? *
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