Question
If equity at the beginning of the period is $100 000 and at the end of the period is $100 000 and additional capital of
If equity at the beginning of the period is $100 000 and at the end of the period is $100 000 and additional capital of $20 000 is paid into the business by the owner during the period, profit or loss is:
A. Loss $30 000
B. Loss $20 000
C. Profit $10 000
D. Profit $30 000
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
