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

question 61

Multiple Choice

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:

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

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Definitions:

Supervisor

A role within organizations responsible for overseeing the performance and activities of employees, usually within a specific department or area.

Clarity And Control

Refers to the clear understanding and management of tasks, roles, and expectations within an organization or project to ensure efficiency and achievement of objectives.

Directive Style

A leadership approach characterized by giving clear, explicit instructions and closely supervising tasks, with a focus on task achievement and compliance.

Path-Goal Theory

A leadership theory that suggests a leader's behavior is motivated by the desire to guide their followers on a path to achieve personal and organizational goals.