At the Time the Constitution Was Constructed, the Most Respected

question 100

Multiple Choice

At the time the Constitution was constructed, the most respected man in America was

• A)Governor Morris.
• B)James Madison.
• C)Alexander Hamilton.
• D)George Washington.

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Definitions:

Stockholders' Equity

The stake in a company's assets left over after all debts have been cleared, frequently called shareholders' equity.

Revenues

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Gains

Result primarily from the disposal of assets for more than their cost minus the amount of cost depreciated in the past.

Net Assets

The total assets of an organization minus its total liabilities, indicating the net worth or equity of the company.