What Was the Main Incentive Texas Offered Railroads for Increased

question 42

Multiple Choice

What was the main incentive Texas offered railroads for increased development?

• A) The state provided generous amounts of land to railroad companies.
• B) Texas subsidized passenger rail on a dollars-per-passenger basis to attract service to major cities.
• C) The state placed strict restrictions on oil development to facilitate routes.
• D) The state placed strict restrictions on the grazing of public land to facilitate routes.
• E) The legislature exempted the railroad companies from most assessments.

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Definitions:

Allowance For Doubtful Accounts

An accounting estimate for the amount of receivables that may not be collectible, reducing the reported value of accounts receivable to reflect potential losses.

Accounts Receivable

Debts due to a business from its clients for products or services that have been provided or consumed but remain unpaid.

Accrual Basis

A method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.