If Owners' Equity at the Beginning of the Accounting Period

question 51

Multiple Choice

If owners' equity at the beginning of the accounting period was $60 000 and at the end of the period was $75 000,and drawings by the owner during the period were $20 000,how much profit was earned during the period?

• A)$15 000
• B)$35 000
• C)$25 000
• D)$5000

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