Which of the Following Statements Correctly Describes the Life of the Majority

question 49

Multiple Choice

Which of the following statements correctly describes the life of the majority of peasants in southern and eastern Europe?

• A) They were well-versed in agricultural innovations of the time.
• B) They frequently were able to become members of the upper class due to industrial expansion.
• C) They were freed from serfdom and started their own farms.
• D) They continued to farm in similar ways as peasants had done there for the past two centuries.
• E) They lived in comfort compared to those in France and Britain.

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Definitions:

Ledger Accounts

Individual records that provide in detail the transactions associated with a company's assets, liabilities, equity, revenue, and expenses.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits equal total credits.

Debit

An accounting entry that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Credit

An accounting entry on the right side of an account ledger, recording increases in liabilities, equity, and revenue, or decreases in assets and expenses.