If Total Liabilities Are $120 000,total Assets Are $280 000

question 28

Multiple Choice

If total liabilities are $120 000,total assets are $280 000 and total paid-up capital is $140,000,the amount of retained earnings is:

• A)$20 000
• B)$110 000
• C)$140 000
• D)$160 000

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Definitions:

Management Intuition

The use of personal instincts, feelings, and experiences by managers to make decisions, often in the absence of explicit data.

Evidence-Based Management

The practice of making managerial decisions and organizational policies based on the best available evidence from scientific research and business data.

Management

The act of overseeing and coordinating tasks and processes in an organization to ensure efficient and effective operations towards achieving specific objectives.

Scientific Evidence

Information that serves to either support or counter a scientific theory or hypothesis, gathered through empirical observation and documentation.