If Equity at the Beginning of the Period Is $35,000

question 53

Multiple Choice

If equity at the beginning of the period is $35,000 and at the end of the period is $56,000 and $20,000 is withdrawn by the owner during the period,calculate profit.(Use the stock approach.)

• A) $1,000.
• B) $41,000.
• C) $76,000.
• D) $21,000.

---

Definitions:

Bottoms Up Proofreading Technique

A proofreading approach where one starts checking a document from the bottom or end, moving upwards to spot errors more effectively.

Proofreading

The process of reading and examining text carefully to find and correct typographical errors and mistakes in grammar, style, and spelling.

Personal Error Patterns Chart

A tool used to track and analyze individual mistakes over time, often used in learning and development contexts.

Proofread

The process of reviewing text for errors before finalizing or publishing, focusing on correcting grammatical, punctuation, spelling, and formatting mistakes.