Using the Information Below from the Accounting Records of Thomas

question 89

Multiple Choice

Using the information below from the accounting records of Thomas Corporation,owners' claims to the company's resources amount to: $$\begin{array} { l r } \text { Assets } & \$ 1,200,000 \\\text { Liabilities } & \$ \$ 00,000 \\\text { Net incorne } & \$ 100,000 \\\text { Retained earmings } & \$ 250,000\end{array}$$

• A)$1,200,000.
• B)$800,000.
• C)$250,000.
• D)$400,000.

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Definitions:

Lewis Structure

A Lewis structure is a diagrammatic representation of the arrangement of valence electrons around atoms in molecules, indicating the bonding between atoms as well as the lone pairs of electrons.

Ethyne

A colorless gas with a sharp, distinct odor; the simplest alkyne, it is a hydrocarbon with the formula C2H2.

Acetylene

A hydrocarbon and the simplest alkyne, used as a fuel and a chemical building block, recognized by its formula C2H2.

Covalently Bonded Molecule

A molecule whose atoms are held together by covalent bonds, which involve the sharing of electron pairs between atoms.