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Gibbs Company Has $16,000 in Retained Earnings, $27,000 in Assets

Question 86

Multiple Choice

Gibbs Company has $16,000 in Retained Earnings, $27,000 in Assets, and $5,000 in Liabilities. How much is in Common Stock?

A) $22,000
B) $16,000
C) $11,000
D) $6,000

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