The Year-End Financial Statements of Calloway Company Contained the Following

question 5

Multiple Choice

The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $50,000; Liabilities = ?; Common Stock = $15,000; Revenue = $22,000; Dividends = $1,500; Beginning Retained Earnings = $3,500; Ending Retained Earnings = $7,500. The amount of liabilities reported on the end-of-period balance sheet was:

• A) $27,500.
• B) $31,500.
• C) $35,000.
• D) $42,500.

---

Definitions:

Excessively Brutal

Describes actions or behavior that are extremely cruel or harsh beyond what is necessary or justified.

Trusted Slaves

Enslaved individuals who were given responsibilities or privileges due to perceived loyalty to their enslavers.

Hypersexuality

A significantly increased libido or an excessive preoccupation with sexual thoughts, urges, or behaviors that can impact one's ability to function.

Patriarchal Nature

Describes a social or cultural system where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.