Why Was the Land Ordinance of 1785 Necessary

question 3

Multiple Choice

Why was the Land Ordinance of 1785 necessary?

• A) The government needed to maintain political and economic control of the West.
• B) Indian treaties needed to be updated due to the departure of the British.
• C) French claims on the Ohio Valley were imminent.
• D) Britain was attempting to maintain control after the war, so they kept their forts operational.

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Definitions:

Entity Method

An accounting technique used in consolidations, treating the parent and subsidiary as separate entities for the calculation of minority interest and consolidated net income.

Non-Controlling Interest

The portion of equity in a subsidiary not held by the parent company, reflecting the minority shareholders' share of the profits and losses.

Net Assets

The total assets of an entity minus its total liabilities, representing the owners' equity or net worth of the entity.

Fair Value

A market-based measurement of the price at which an asset could be bought or sold or a liability settled, under current market conditions.