The following amounts are reported in the ledger of Mariah Company: What is the balance in the Common Stock account?
$$\begin{array} { | l | r | }
\hline \text { Assets } & \$ 80,000 \
\hline \text { Liabilities } & 36,000 \
\text { Retained Earnings } & 12,000 \
\hline
\end{array}$$
A)$44,000.
B)$32,000.
C)$48,000.

Question

The following amounts are reported in the ledger of Mariah Company: What is the balance in the Common Stock account?
$$\begin{array} { | l | r | } 
\hline \text { Assets } & \$ 80,000 \
\hline \text { Liabilities } & 36,000 \
\text { Retained Earnings } & 12,000 \
\hline
\end{array}$$
A)$44,000.
B)$32,000.
C)$48,000.

Quizplus · Accepted Answer

The Answer of The following amounts are reported in the ledger of Mariah Company: What is the balance in the Common Stock account?
$$\begin{array} { | l | r | } 
\hline \text { Assets } & \$ 80,000 \
\hline \text { Liabilities } & 36,000 \
\text { Retained Earnings } & 12,000 \
\hline
\end{array}$$
A)$44,000.
B)$32,000.
C)$48,000.

The Following Amounts Are Reported in the Ledger of Mariah