Use the Information Above to Answer the Following Question

question 226

Multiple Choice

Use the information above to answer the following question.What was the amount of Retained Earnings reported in the balance sheet on December 31,2010?

• A) $184,000
• B) $2,000
• C) $71,000
• D) $51,500

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Definitions:

Sediment

Particles of rock and organic material that are transported and deposited by wind, water, or ice.

Reservoir

1. A lake that is created by a human-constructed dam. 2. A subsurface volume of rock that has sufficient porosity and permeability to permit the accumulation of oil or natural gas under adequate trap conditions.

Delta

A landform at the mouth of a river where it splits into several streams or channels and deposits sediment, creating a fan-shaped area.

High Tide

The state of the tide when it is at its highest level, typically caused by the gravitational pull of the moon and the sun on the Earth's oceans.