Liabilities are $2,000, retained earnings are $1,000, and contributed capital is $4,000. Assets must be
a. $3,000.
b. $7,000.
c. $5,000.
d. $6,000.

Name: Liabilities are $2,000, retained earnings are $1,000, and contributed capital is $4,000. Assets must be a. $3,000. b. $7,000. c. $5,000. d. $6,000.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

The Answer of Liabilities are $2,000, retained earnings are $1,000, and contributed capital is $4,000. Assets must be
a. $3,000.
b. $7,000.
c. $5,000.
d. $6,000.

Liabilities Are $2,000, Retained Earnings Are $1,000, and Contributed Capital