Question:XYZ Company reports total assets and total liabilities of $425,000 and $200,000, respectively, at the conclusion of its first year of business. The company earned $95,000 during the first year and distributed $50,000 in dividends. What was the firm's contributed capital?
A $225,000
B $180,000
C $130,000
D $65,000
+ AnswerD
+ Explanation
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