The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were the closing net assets?
A、$35,000
B、$39,400
C、$36,400
D、$180,000
A、$35,000
B、$39,400
C、$36,400
D、$180,000
【参考答案及解析】
I = P + Ci - D=$(72,500 + 8,000 - 2,200)=$78,300Therefore, closing net assets = $(101,700 + 78,300) = $180,000
I = P + Ci - D=$(72,500 + 8,000 - 2,200)=$78,300Therefore, closing net assets = $(101,700 + 78,300) = $180,000