What was the profit for the year ended june

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The statements of financial position of Goh's business showed the following:

                    30 june 2014               30 june 2015

Net assets           $152000               $ 184000

During the year ended 30 June 2015, Goh brought his own motor car into the business at the value of $14 000. The net book value of this motor car at 30 June 2015 was $13 200. He also withdrew $7900 cash from the business bank account.

Question 1: What was the profit for the year ended 30 June 2015?

A. $25 900 B. $26 700 C. $37 300 D. $38 100

Reference no: EM132495352

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