A Corporation Has $80,000 in Total Assets,$36,000 in Total Liabilities,and

question 136

Multiple Choice

A corporation has $80,000 in total assets,$36,000 in total liabilities,and a $12,000 credit balance in retained earnings.What is the balance in the contributed capital accounts?

• A)$56,000.
• B)$44,000.
• C)$48,000.
• D)$32,000.

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Definitions:

Vertical Contracts

Agreements between firms at different levels in the supply chain, such as a manufacturer and a retailer.

Benefits

Advantages or payments provided typically by employers or government programs to support well-being, such as health insurance or pension.

Vertical Contracts

Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer.

Costly Activities

Actions or tasks that require significant expenditure of resources, such as time, money, or effort.