If Equity at the Beginning of the Period Is $100,000

question 46

Multiple Choice

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

• A)profit $10,000.
• B)loss $30,000.
• C)loss $20,000.
• D)profit $30,000.

---

Definitions:

Spiritual

Pertaining to or involving deep feelings and beliefs, especially in relation to one’s sense of peace, purpose, and connection to the universe, religion, or nature.

Prosocial

relates to behavior that is intended to benefit others, including acts of kindness, sharing, and cooperative actions.

Charitable

Describes actions or organizations that are dedicated to helping those in need, often through donations or volunteer work.

Conscientious

Describes a person or behavior that is guided by or showing a desire to do what is right, typically characterized by carefulness and diligence.