Kwantum Corporation Has Total Assets of $3,600,000, Common Stock of $936,000

question 144

Multiple Choice

Kwantum Corporation has total assets of $3,600,000, common stock of $936,000, and retained earnings of $570,000 at December 31, 2022.What are the creditors' claims on their assets at that date?

• A)$3,234,000
• B)$1,506,000
• C)$2,094,000
• D)$3,966,000