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MYOB Ltd reports the following balance sheet information for FY 2022. 1 June 2021 Assets 30 July 2022 $180 000 Liabilities $160 000 $64000 $76.000
MYOB Ltd reports the following balance sheet information for FY 2022. 1 June 2021 Assets 30 July 2022 $180 000 Liabilities $160 000 $64000 $76.000 Assuming the capital contributed by the owner during the year was $20 000 and owner withdrawals totalled $30 000, the profit for 2022 must have been: Select one: O $42 000 $18.000 O $8.000 O None of the options, MYOB ltd, did not make a profit in 2022 Step by Step Solution
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Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
