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:

Metamemory

The self-awareness of one's own memory capabilities, including the processes of monitoring and regulating the memory.

Middle Childhood

The developmental stage typically ranging from ages 6 to 12, marked by significant growth in cognitive abilities, social skills, and independence.

Preschool Years

The period of a child's life before they enter formal schooling, typically from age three to five, characterized by rapid development in various domains.

Executive Function

A set of cognitive processes including attentional control, working memory, and flexible thinking, that are necessary for planning, decision-making, and behavior regulation.