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If Equity at the Beginning of the Period Is $177,000,profit

Question 13

Multiple Choice

If equity at the beginning of the period is $177,000,profit for the period is $87,000 and $25,000 is withdrawn by the owner during the period,equity at the end of the period is:


A) $115,000.
B) $239,000.
C) $289,000.
D) cannot be calculated from the information provided.

Correct Answer:

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