Problem: Assets total $450,000, liabilities total $120,000, and contributed capital totals $200,000. What is the dollar amount of retained earnings? a. $80,000 b. $330,000 c. $320,000 d. $130,000

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Problem Details

Assets total $450,000, liabilities total $120,000, and contributed capital totals $200,000. What is the dollar amount of retained earnings?

a. $80,000

b. $330,000

c. $320,000

d. $130,000

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Based on our data, we think this problem is relevant for Professor Dibie's class at TCC.