The Concentration of Capital for Investment in Large-Scale Enterprises in the Early

question 63

Multiple Choice

The concentration of capital for investment in large-scale enterprises in the early nineteenth century was promoted by the  

• A) wider acceptance of the principle of limited liability.
• B) introduction of state corporate tax laws.
• C) legalization of labor unions.
• D) passage of state free incorporation laws.
• E) lowering of the capital gains tax.

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Definitions:

End-of-period Spreadsheet

A document or report prepared at the end of an accounting period that summarizes all accounts and their balances to ensure accuracy and completeness.

Working Capital

The variance between a firm's current assets and its current liabilities, showcasing the company's operational efficiency and short-term financial stability.

Current Liabilities

Obligations or debts that a company is expected to pay off within a year, such as accounts payable or short-term loans.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used for preparing financial statements.