The Invention of What Expanded the European Literacy Rate from Less

question 96

Multiple Choice

The invention of what expanded the European literacy rate from less than 1 percent to between 10 and 15 percent?

• A) The typewriter
• B) Paper
• C) The printing press
• D) Ink

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Definitions:

Journalize

The process of recording transactions in a journal, marking the first step in the accounting cycle.

Transactions

The act of buying or selling goods, services, or financial instruments, which can be recorded in the financial records of a business or individual.

Accounting Equation

The fundamental principle of accounting that states that Assets = Liabilities + Equity, providing the basis for double-entry bookkeeping.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, also known as shareholder's equity.