If Retained Earnings at December 31,2018,is $140,000,total assets amounts to:
A)$ 98,000.
B)$377,000.
C)$475,000.
D)$188,000.

Question

Quizplus · Accepted Answer

Retained earnings is a part of shareholders' equity and is equal to the accumulated profits earned by the company but not distributed as dividends. 
Total assets on the other hand represents the amounts owned by the company, including both current and non-current assets. 
Since the retained earnings of $140,000 is a part of shareholders' equity, it cannot be used to determine the total assets directly. 
Therefore, we cannot calculate the total assets based on the given information alone.

If Retained Earnings at December 31,2018,is $140,000,total Assets Amounts To