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【单选题】
The profit earned by a business in 20X7 was $70,000. The proprietor injected new capital of $8,000 during the year and withdrew goods for his private use which had cost $2,000.If net assets at the beginning of 20X7 were $100,000, what were the closing net assets ?A.
$35,000
B.
$160,000
C.
$176,000
D.
$180,000
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