One of the Most Farsighted Provisions of the Northwest Ordinance

question 3

Multiple Choice

One of the most farsighted provisions of the Northwest Ordinance of 1787

• A) set aside a section of each township for education.
• B) abolished slavery in all of the United States.
• C) prohibited slavery in the Old Northwest.
• D) kept power in the national government.
• E) established a commission to determine the extent of a need for a Bill of Rights.

---

Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's profit or loss.

Consolidated Worksheet

A tool used in the preparation of consolidated financial statements, enabling the combining of financial information from parent and subsidiary entities.

Adjustments

Modifications made to the accounting records or financial statements to correct errors or to account for transactions not reflected in the initial entries.

Consolidated Net Income

The total profit of a parent company and its subsidiaries after taxes and interest, combined into one financial statement.