In Order for the Constitution to Have Any Chance at Being

question 82

Multiple Choice

In order for the Constitution to have any chance at being ratified to replace the Articles of Confederation, how many states were required to approve it?

• A) seven
• B) nine
• C) ten
• D) thirteen

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Definitions:

Cost of Merchandise Sold

The total cost incurred to purchase or produce the goods sold by a company during a specified period, directly affecting the gross profit.

Report Form

A layout for financial statements where the balance sheet is presented with assets followed by liabilities and equity in a vertical format.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment, including assets, liabilities, and equity.

Statement of Owner's Equity

A financial statement displaying the changes in the equity of a company over a reporting period, including investments by and distributions to owners.