Which of the Following Federally-Chartered Corporations Did the Union Create

question 54

Multiple Choice

Which of the following federally-chartered corporations did the Union create to build the transcontinental railroad?

• A) Union Pacific
• B) Western Pacific
• C) Central Pacific
• D) Western Pacific and Central Pacific
• E) Union Pacific and Central Pacific

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Definitions:

Accounting Equation

The fundamental formula in accounting that states assets equal liabilities plus shareholders' equity, representing a company's financial position.

Owner's Equity

The total value that would accrue to a business's owners after all liabilities are subtracted from all assets; also known as shareholder's equity or net worth.

Liabilities

Economic debts or obligations a company is responsible for, which are to be paid off over time through the exchange of economic advantages.

Owner's Withdrawal

Amounts of cash or other assets that the owner takes from the company for personal use.