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the third year of operation, Forgione Corporation has total assets equal to $100,000, liabilities totaling $90,000, and contributed capital of $30,000. What is the balance

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the third year of operation, Forgione Corporation has total assets equal to $100,000, liabilities totaling $90,000, and contributed capital of $30,000. What is the balance in retained carnings? a. $40,000 (Dr) b. S40,000 (Cr) C. $20,000 (Dr) d. $20,000 (Cr) c. $10,000 (Cr) $35 000 in dividends in the current year. At year end

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