Elston Company Compiled the Following Financial Information as of December

question 194

Multiple Choice

Elston Company compiled the following financial information as of December 31, 2014: Elston's retained earnings on December 31, 2014 are

• A) $375,000.
• B) $450,000.
• C) $400,000.
• D) $ 25,000.

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Definitions:

CIO

Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

Mass Production Workers

Employees involved in large-scale manufacturing processes, often characterized by standardized production methods and repetitive tasks.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, historically significant for its role in the labor movement.

New Deal Program

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to address the Great Depression.