What Was the Consensus Among Delegates to the Constitutional Convention

question 48

Multiple Choice

What was the consensus among delegates to the Constitutional Convention about the Articles of Confederation?

• A) Most had already concluded that there were weaknesses in the Articles.
• B) They believed the convention had overstepped its bounds.
• C) They thought the federal government's powers should be restricted.
• D) They were disturbed that Massachusetts had put down Shays's Rebellion.

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Definitions:

Accounting Cycle

The process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.

Ledger

A comprehensive collection of a company's financial accounts.

Trial Balance

A Trial Balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.