Milquel was able to produce the following information concerning his business. What was the business's profit for

Question:

Milquel was able to produce the following information concerning his business.

What was the business's profit for the year?

A. $36,000

B. $70,000

C. $104,000

D. $236,000

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 04:34 AM

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Milquel was able to produce the following information concerning his business. What was the business's profit for

Question:

Capital 1 January 2014 100 000 Capital 31 December 2014 170 000 Drawings during year 34 000

Step by Step Answer:

The correct answer is B 70000 To calculate the businesss pr...View the full answer

Accounting For Cambridge International AS And A Level

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