Solved

As of December 31,Year 2,Bristol Company Had $100,000 of Assets,$40,000

Question 3

Multiple Choice

As of December 31,Year 2,Bristol Company had $100,000 of assets,$40,000 of liabilities and $25,000 of retained earnings.What percentage of Bristol's assets were obtained through investors?


A) 60%
B) 25%
C) 40%
D) 35%

Correct Answer:

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