A Company Has Assets of $5,000,000,liabilities of $3,000,000,and Retained Earnings

question 168

Multiple Choice

A company has assets of $5,000,000,liabilities of $3,000,000,and retained earnings of $1,200,000.How much is total shareholders' equity?

• A) $800,000
• B) $1,800,000
• C) $2,000,000
• D) $3,800,000

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Definitions:

Work

A physical or mental activity performed to achieve a purpose or result, including the production of goods and services.

Autocratic Style

A leadership style characterized by individual control over all decisions with little input from group members.

Directive Actions

Specific measures or steps taken to guide or instruct towards achieving a particular goal or objective.

Work Environment

The physical and psychological conditions under which employees operate, including the workplace culture, physical space, and resources available.