Which Colony Came into Existence Due to the Recruitment of Planters

question 32

Multiple Choice

Which colony came into existence due to the recruitment of planters from the already established Caribbean colony of Barbados?

• A)Massachusetts
• B)Maryland
• C)Pennsylvania
• D)South Carolina
• E)Connecticut

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Definitions:

Face Amount

An amount at which bonds sell if the market rate equals the contract rate.

Dollar Amount

The value of a transaction or an item expressed in units of currency.

Allowance Method

An accounting technique that estimates and prepares for the amount of bad debts customers might not pay.

Direct Write-Off Method

The method of accounting for uncollectible accounts that recognizes the expense only when accounts are judged to be worthless.