If Assets, Liabilities, and Retained Earnings equal $87,000, $53,000, and $14,000, respectively, then how much is in Contributed Capital?
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Our tutors have indicated that to solve this problem you will need to apply the Fundamental Accounting Equation concept. You can view video lessons to learn Fundamental Accounting Equation. Or if you need more Fundamental Accounting Equation practice, you can also practice Fundamental Accounting Equation practice problems.
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