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34 A business has the following total balances: Capital 20,000 Drawings 5,000 Assets 27,000 Liabilities 11,000 Using the accounting equation, what is the profit for

34 A business has the following total balances: Capital 20,000 Drawings 5,000 Assets 27,000 Liabilities 11,000 Using the accounting equation, what is the profit for the period? O 52,000 O 35,000 O 1,000 O 2,000

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