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Chang Co reported total assets of $20,000 (including cash of $9,000), total liabilities of $8,000, common stock of $7,000, and retained earnings of $5,000. Based
Chang Co reported total assets of $20,000 (including cash of $9,000), total liabilities of $8,000, common stock of $7,000, and retained earnings of $5,000. Based on this information, what can be concluded? A. $5,000 dividend that can be paid to shareholders. B) 40% of the companys assetare the result of borrowing from creditors C)25% of the companys assets are the result of prior earnings D)60% of the companys assetare contributed by stockholders
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