Which of the Following Chronologies Is Correct

question 12

Multiple Choice

Which of the following chronologies is correct?

• A)Boston Tea Party (1773); First Continental Congress (1774); and beginning of the American Revolution (1775)
• B)Shays' Rebellion (1773); Annapolis Convention (1774); and Declaration of Independence (1776)
• C)Stamp Act (1775); Declaration of Independence (1776); and Philadelphia Convention (1788)
• D)Common Sense (1769); Declaration of Independence (1776); and The Federalist Papers (1783)
• E)Declaration of Independence (1776); Articles of Confederation (1787); Constitution (1791); and Federalist No.10 (1795)

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Definitions:

Balance Sheet Columns

The sections in a balance sheet showing assets, liabilities, and shareholders' equity at a specific point in time.

Net Income

The amount of money left over after all expenses, taxes, and costs have been subtracted from total revenue; also referred to as net profit.

Net Loss

The amount by which total expenses exceed total revenues in a specific period, indicating a negative financial performance.

End-of-period Spreadsheets

Financial documents prepared at the end of an accounting period, summarizing the financial status and performance of a business.