The African Slave Trade

question 10

Multiple Choice

The African slave trade

• A) was fundamentally altered by the French in the late 1400s.
• B) involved the forcible movement of millions of African slaves overseas.
• C) involved the deaths of less than one percent of those leaving West African ports before they arrived at a new home in the Americas.
• D) began practices never before seen in Africa.
• E) solved the labor shortage challenge in European agriculture.

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Definitions:

Accrued Revenues

Revenues for services performed but not yet received in cash or recorded.

Received

Typically refers to the acknowledgement of having gotten something, such as goods or payments, within a business context.

Recognized

In accounting, recognized refers to the formal acknowledgment in financial statements that a transaction or event has impacted the entity's financial position or performance.

Book Value

The net value of a company's assets as found on its balance sheet, and is calculated by subtracting liabilities from the value of assets.