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    Exam 2: The Financial Statementsa Closer Look
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    Valley Company Has Retained Earnings of $12,000, Total Assets Totaling
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Valley Company Has Retained Earnings of $12,000, Total Assets Totaling

Question 53

Question 53

Multiple Choice

Valley Company has retained earnings of $12,000, total assets totaling $38,000, and total liabilities of $20,000.How much is total shareholders' equity?


A) $6,000
B) $12,000
C) $18,000
D) $32,000

Correct Answer:

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