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    Fundamentals of Financial Accounting Study Set 5
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    Exam 2: Reporting Investing and Financing Results on the Balance Sheet
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    A Company Has $15,000 of Retained Earnings, $26,000 of Assets
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A Company Has $15,000 of Retained Earnings, $26,000 of Assets

Question 40

Question 40

Multiple Choice

A Company has $15,000 of retained earnings, $26,000 of assets, and $6,000 of liabilities. How much is contributed capital?


A) $36,000
B) $15,000
C) $5,000
D) $6,000

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