Multiple Choice
If equity at the beginning of the accounting period was $120 000 and at the end of the period was $175 000,and drawings by the owner during the period were $30 000,how much profit was earned during the period?
A) $85 000
B) $55 000
C) $25 000
D) $30 000
Correct Answer:
Verified
Correct Answer:
Verified
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