Solved

Cerrato Company Has Assets of $350,000, Liabilities of $130,000, and Retained

Question 29

Multiple Choice

Cerrato Company has assets of $350,000, liabilities of $130,000, and retained earnings of $180,000.How much is
Total owners' equity?

A) $ 40,000
B) $ 170,000
C) $ 220,000
D) $ 350,000

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