The Following Questions Refer to the Excerpt Below

question 31

Multiple Choice

The following questions refer to the excerpt below.
"… There is but one way to remove an evil-and that is,to remove its cause. Poverty deepens as wealth increases,and wages are forced down while productive power grows,because land,which is the source of all wealth and the field of all labor,is monopolized.To extirpate poverty,to make wages what justice commands they should be,the full earnings of the laborer,we must therefore substitute for the individual ownership of land a common ownership.Nothing else will go to the cause of the evil…This,then,is the remedy for the unjust and unequal distribution of wealth apparent in modern civilization,and for all the evils which flow from it…
Henry George,Progress and Poverty,1879
-Which of the following details most directly contradicts the argument made here by Henry George?

• A) Conflict grew between union laborers and the management class
• B) Many industries tended towards consolidation of corporations into large trusts
• C) Workers' real wages increased during the second half of the 19^th century
• D) American farmers fought against the rise of corporate agriculture by forming cooperatives

Identify the types of accounts and entries that appear in different sections of the end-of-period spreadsheet.

Describe the process for preparing financial statements from the end-of-period spreadsheet.

Analyze how adjustments on the end-of-period spreadsheet impact financial statements.

Differentiate between adjusting entries, closing entries, and journal entries.

---

Definitions:

Stereotype Threat

The risk of conforming to a negative stereotype about one's group, which can negatively affect the performance and behavior of an individual.

Underperform

To perform worse than expected or to achieve less success than is standard.

William Perry

A developmental psychologist known for his theory on cognitive development in college students, focusing on the evolution of their ethical and intellectual values.

Relativistic

Relating to the theory which states that space and time are relative and all motion is relative to a reference frame, rather than being absolute.