Who Benefited the Most from the Sale of Church Properties

question 7

Multiple Choice

Who benefited the most from the sale of Church properties following the Assembly's approval of Talleyrand's proposal that Church property become "national properties"?

• A)people (both urban and rural)with ready cash who could buy the land for sale
• B)priests who were able to privatize Church lands
• C)the nobility who had the power to buy more land
• D)the king,who liked hunting and converted much Church land into hunting preserves
• E)the queen,who was able to give land to her lovers

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Definitions:

Inventories

Items such as products, materials, and supplies held by a company for the purpose of resale or production.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and variable overhead) in the cost of goods sold, while fixed overhead costs are expensed in the period incurred.

Fixed Costs

Costs that do not vary with the level of production or sales activity, such as rent, salaries, and insurance premiums.

Period Costs

Costs that are taken directly to the income statement as expenses in the period in which they are incurred or accrued.