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At year end in a company structure, if total liabilities are $120 00, total assets are $280 00 and total share capital is $140 000

At year end in a company structure, if total liabilities are $120 00, total assets are $280 00 and total share capital is $140 000 the amount of retained earnings is:

  1. $20 000
  2. $110 000
  3. $140 000
  4. $160 000

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