Chambers Corporation Has Total Assets of $800,000 as of December

question 80

Multiple Choice

Chambers Corporation has total assets of $800,000 as of December 31, 2010 and total liabilities of $400,000. Contributed capital as of December 31, 2009 and December 31, 2010 is $150,000. Chambers Corporation incurred a $50,000 net loss for the year ended December 31, 2010. If Chambers declared and paid $80,000 in dividends in 2010, their retained earnings at the beginning of 2010 would have been.

• A) $220,000.
• B) $280,000
• C) $380,000.
• D) $440,000.

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Definitions:

Sexual Response

A series of physiological and emotional responses that occur in a sequence during sexual activity, often described in phases such as desire, arousal, orgasm, and resolution.

Heterosexual Contact

Sexual interaction between individuals of the opposite sex.

HIV Cases

Instances of individuals diagnosed with the Human Immunodeficiency Virus, which attacks the immune system and can lead to Acquired Immunodeficiency Syndrome (AIDS).

Acquired Immune Deficiency Syndrome (AIDS)

A chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV) which damages the immune system and impairs the body's ability to fight infections and diseases.