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4 December, 05:54

A corporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance in retained earnings. what is the balance in the contributed capital accounts?

a. $44,000.

b. $32,000.

c. $56,000.

d. $48,000.

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Answers (1)
  1. 4 December, 07:44
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    Hi Ddestinyclark8385,

    A corporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance in retained earnings. what is the balance in the contributed capital accounts?

    b. $32.000
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