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Paul does not keep any accounting records. The following information is available for the year ended 30 September 20x8: $ Net assets at 1 October

Paul does not keep any accounting records. The following information is available for the year ended 30 September 20x8:
$
Net assets at 1 October 20x7
420,000
Drawings during financial year
96,000
Capital introduced during financial year
200,000
Net assets at 30 September 20x8
800,000
What was Pauls profit for the year ended 30 September 20x8?
Group of answer choices
$676,000
$380,000
$484,000
$276,000
$84,000

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