Multiple Choice
If equity at the beginning of the period is $100,000 and at the end of the period is $100,000 and additional capital of $20,000 is paid into the business by the owner during the period, profit or loss is:
A) profit $10,000.
B) loss $30,000.
C) loss $20,000.
D) profit $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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