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Question 20 1 points Ahmad Mahmud is the sole owner and operator of Great Ahmad Company. As of the end of its accounting period, December

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Question 20 1 points Ahmad Mahmud is the sole owner and operator of Great Ahmad Company. As of the end of its accounting period, December 31, 2011, Great Ahmad Company has assets of RM940,000 and abilities of RM300,000. During 2012. Ahmad invested an additional RM65,000 and withdrew RM45,000 from the business. What is the amount of net Income or loss during 2012, assuming that as of December 31, 2012 assets were RM995.000, and liabilities were RM270,000? Net Profit RM 65,000 Net Loss RM 65.000 Net Profit RM105,000 Net Loss RM105,000

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