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A company provides you with the following accounts and amounts: capital at the beginning period...

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Accounting

A company provides you with the following accounts and amounts: capital at the beginning period ($45,000), capital at the end of the period ($40,000) and capital withdrawn by owner during the period ($15,000). Based on these figures, what is profit for the year? (a) (b) (c) (d) $20,000 $5,000 $15,000 $10,000

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