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James net asset have increased by $125, 000 over the year. He took drawings of $49,000 and paid in the proceeds of an insurance policy
James net asset have increased by $125, 000 over the year. He took drawings of $49,000 and paid in the proceeds of an insurance policy amounting to $20,000. What was his net profit for the year?
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
