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In the Current Year the Budget Hotel Earned $60,000 Profit

Question 2

Multiple Choice

In the current year the Budget Hotel earned $60,000 profit. Its assets increased by $120,000 and its liabilities increased by $40,000. What was the value of the owners' capital contribution or dividend received during the year?


A) Dividend of $20,000.
B) Contribution of $20,000.
C) Dividend of $10,000.
D) Contribution of $10,000.
E) None of the above.

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