1. The following amounts were reported for Pacific Corporation at the end of their first year of operations: contributed capital $100,000; sales revenue $400,000; total assets $300,000; $20,000 dividends declared; and total liabilities $160,000. What are total expenses for Pacific Corp.’s first year of operations?
A. $400,000.
B. $380,000.
C. $340,000.
D. $60,000.
2. A series of equal cash flows at fixed intervals is termed a(n)
price-level index
present value index
net cash flow
annuity