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- 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:
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profit $30,000 |
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loss $30,000 |
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loss $10,000 |
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profit $10,000 |
please provide working out.
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