The Following Details Relate to the Equity of R $\text { * Includes nrofit for the vear of } \$ 48000$

question 6

Multiple Choice

The following details relate to the equity of R. Simpson, sole proprietor.
$\begin{array}{lcc} & \text { End year 1 } & \text { End year 2 } \\\text { Capital } & \$ 60000 & \$ 60000 \\\text { Current account } & 24000 \mathrm{CR} & 38000 \mathrm{CR}^{*}\end{array}$
$\text { * Includes nrofit for the vear of } \$ 48000$
How much was withdrawn by R. Simpson during year 2?

• A) $34 000
• B) $62 000
• C) $72 000
• D) Cannot be calculated from the information provided

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Definitions:

Contrary

Opposite in nature, direction, or meaning; conflicting with each other.

Contraries

In the traditional square of opposition, a pair of categorical propositions that, in virtue of their logical form, could not both be true but could both be false (A and E).

Universal

Pertaining to or affecting the whole or applicable in all cases; general.

Existential Import

A property of categorical propositions; a proposition has existential import if its truth depends on the existence of things of the kinds specified by terms in the proposition.