Question
If equity at the beginning of the accounting period was $120000 and at the end of the period was $175000, and drawings by the owner
If equity at the beginning of the accounting period was $120000 and at the end of the period was $175000, and drawings by the owner during the period were $30000, how much net profit was earned during the period?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
