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Total assets increased by $45,000, and total liabilities decreased by $50,000. There were no additional owner's investments, and R. Butler withdrew $40,000. What is the
Total assets increased by $45,000, and total liabilities decreased by $50,000. There were no additional owner's investments, and R. Butler withdrew $40,000. What is the amount of profit or loss for the year?
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Accounting Principles Part 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition
1118306783, 978-1118728918, 1118728912, 978-1118306789
