Calculate the Profit for the Year If Capital at the Beginning

question 11

Multiple Choice

Calculate the profit for the year if capital at the beginning is $35,000,capital at the end is $40,000 and during the year the owner withdrew $15,000.

• A) $5,000.
• B) $15,000.
• C) $10,000.
• D) $20,000.

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Definitions:

Promotional Materials

Items or media used for marketing purposes to advertise, promote, or support a product, service, or event.

Customer Inquiry

A request for information regarding a company's products or services, made by current or potential customers.

Digital Communication Service

Platforms or technologies that enable the electronic exchange of information over the internet, such as email, social media, and messaging apps.

Customer Goodwill

The favor and positive reputation a business gains through its goods and services in the eyes of its customers.