Liabilities Are $3,000, Retained Earnings Are $1,000, and Contributed Capital

question 79

Multiple Choice

Liabilities are $3,000, retained earnings are $1,000, and contributed capital is $4,000. Assets must be

• A)$4,000.
• B)$8,000.
• C)$5,000.
• D)$6,000.

---

Definitions:

Monozygotic Twins

Identical twins originating from a single fertilized egg, resulting in genetically identical individuals.

Genes

Units of DNA that are responsible for determining the characteristics and traits that are inherited from parents to offspring.

Chromosome

A structure within the cell nucleus made up of DNA and proteins that contains the genetic material of an organism.

Alleles

Variants of a gene that occur at the same place on a chromosome, contributing to the diversity of genetically influenced traits.