What Is the Gentry

question 16

Multiple Choice

What is the gentry?

• A)Dispossessed nobles
• B)Royal officials created by Richelieu
• C)Wealthy, ambitious, and educated families
• D)Free farmers
• E)Wealthy urban merchants

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Definitions:

Joint Venture Liabilities

The financial obligations that are incurred jointly by partners in a venture, which must be settled together.

Line-by-Line Method

A consolidation technique where the parent company combines its subsidiary's assets, liabilities, income, and expenses line by line into its own financial statements.

One-Line Method

An accounting technique used for combining the financial statement of a parent company and its subsidiary by reporting the investment in a single line.