Total Assets Are $60,000,total Liabilities,$30,000,and Share Capital Is $20,000; Therefore,retained

question 74

True/False

Total assets are $60,000,total liabilities,$30,000,and share capital is $20,000; therefore,retained earnings is $5,000.
Calculation: $60,000 - $30,000 - $20,000 = $10,000

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