The Assets of Frank's Business Increased by $40 000 and the Liabilities

Multiple Choice

The assets of Frank's business increased by $40 000 and the liabilities increased by $10 000 during the current year. If the profit for this period was $25 000, what additional contribution or withdrawal was made by the owner? (Assume only a withdrawal or a contribution was made.)

A) Drawings $10 000
B) Contribution $10 000
C) Contribution $5000
D) Drawings $5000