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    Exam 9: Companies: Formation and Operations
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    If Total Liabilities Are $135 000, Total Assets Are $420
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If Total Liabilities Are $135 000, Total Assets Are $420

Question 15

Question 15

Multiple Choice

If total liabilities are $135 000, total assets are $420 000 and total paid-up capital is $180 000, the amount of retained earnings is:


A) $ 105 000.
B) $ 135 000.
C) $ 240 000.
D) $ 285 000.

Correct Answer:

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