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    Exam 1: Introduction to Accounting
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    Paul Commenced Business with $100 Cash
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Paul Commenced Business with $100 Cash

Question 46

Question 46

Multiple Choice

Paul commenced business with $100 cash.He purchased goods for $50 that were later sold for $150.The statement of financial position,after the sale,would show a total business wealth of:


A) $150.
B) $50.
C) $100.
D) $200.

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