Multiple Choice
If owners' equity at the beginning of the accounting period was $60 000 and at the end of the period was $75 000,and drawings by the owner during the period were $20 000,how much profit was earned during the period?
A) $15 000
B) $35 000
C) $25 000
D) $5000
Correct Answer:
Verified
Correct Answer:
Verified
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