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    Accounting
  4. Exam
    Exam 2: 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 11

Question 11

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

Correct Answer:

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