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  3. Study Set
    Accounting NZ
  4. Exam
    Exam 3: Measuring and Reporting Financial Position
  5. Question
    Calculate the Profit for the Year If Capital at the Beginning
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Calculate the Profit for the Year If Capital at the Beginning

Question 10

Question 10

Multiple Choice

Calculate the profit for the year if capital at the beginning is $35,000, capital at the end is $40,000 and during the year the owner withdrew $15,000.


A) $20,000
B) $15,000
C) $10,000
D) $5,000

Correct Answer:

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