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How to calculate the answer? Please step-by-step, many thanks. I42) Paul commenced business with $100 cash. He purchased goods for $50 that were later sold

How to calculate the answer?

Please step-by-step, many thanks.

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I42) Paul commenced business with $100 cash. He purchased goods for $50 that were later sold for $150. The statement of financial position, after the sale, would show a total business wealth of: A) $150. B)$50. C) $100. D) $200

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