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If equity at the beginning of the period is $35,000 and at the end of the period is $56,000 and $20,000 is withdrawn by the
If equity at the beginning of the period is $35,000 and at the end of the period is $56,000 and $20,000 is withdrawn by the owner during the period, calculate profit. (Use the stock approach.)
a) $1000
b) $41000
c) $76000
d) $21000
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