If Total Liabilities Are $135 000, Total Assets Are $420

question 15

Multiple Choice

If total liabilities are $135 000, total assets are $420 000 and total paid-up capital is $180 000, the amount of retained earnings is:

• A) $ 105 000.
• B) $ 135 000.
• C) $ 240 000.
• D) $ 285 000.

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