1. Business
  2. Accounting
  3. if equity at the beginning of the period is 100000...

Question: if equity at the beginning of the period is 100000...

Question details

If equity at the beginning of the period is $100,000 and at the end of the period is $90,000 and additional capital of $20,000 is paid into the business by the owner during the period, profit or loss is:

 

 

profit $30,000

 

loss $30,000

 

loss $10,000

 

profit $10,000

please provide working out.

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