Atlantic Corporation Reported the Following Amounts at the End of the First

question 92

Multiple Choice

Atlantic Corporation reported the following amounts at the end of the first year of operations:
Contributed capital $200,000; sales revenue $800,000; total assets $600,000; dividends declared $40,000; and total liabilities $320,000.What are Atlantics' retained earnings at the end of the year and how much expenses were incurred during the year?

• A)Retained earnings are $80,000 and expenses incurred totaled $680,000.
• B)Retained earnings are $80,000 and expenses incurred totaled $720,000.
• C)Retained earnings are $280,000 and expenses incurred totaled $480,000.
• D)Retained earnings are $280,000 and expenses incurred totaled $520,000.

Analyze the role and effects of warfare technologies and tactics used during World War I.

Examine the social, political, and economic consequences of World War I on the United States and the world.

Explore the role of African-Americans and other minorities during World War I and the impact of the Great Migration.

Evaluate the U.S.'s foreign policy shifts and interventions in Latin America during the early 20th century.

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Definitions:

Private Land Companies

Organizations or enterprises that buy, sell, develop, or manage real estate properties for profit.

National Land Policy

A set of government directives or regulations that guide the acquisition, use, and management of land resources within a country.

Individual Settlers

Independent persons or families who move into a new country or region to live, often playing a key role in colonizing and developing the area.

Treaty of Greenville

A 1795 agreement between the United States and various Native American tribes, which established peace and set boundaries in the Northwest Territory.