Winsome Inc

question 24

Multiple Choice

Winsome Inc. reports total assets and total liabilities of $225,000 and $100,000, respectively, at the conclusion of its first year of business. The company earned $75,000 during the first year and distributed $30,000 in dividends. What was the corporation's contributed capital?

• A) $95,000
• B) $125,000
• C) $80,000
• D) $50,000