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Capital as at 31 December 2007 is $50,000, revenue & expenses for the year are $15,000 & $12,000 respectively. From information provided above, what is

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"Capital as at 31 December 2007 is $50,000, revenue & expenses for the year are $15,000 & $12,000 respectively". From information provided above, what is the amount of capital as at 1 Jan 2007? A. $47,000 B. $65,000 C. $48,000 D. $70,000

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