After Learning That France Was Supporting the Patriots, the British

question 21

Multiple Choice

After learning that France was supporting the patriots, the British responded by

• A) doubling the size of their army in the colonies.
• B) doing nothing because they were too busy fighting the war to do anything.
• C) forming an alliance with Spain.
• D) declaring war on France.

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Definitions:

Outstanding Voting

Refers to the shares of a corporation that are issued and held by shareholders, including those with voting rights.

Consolidated Revenues

The total revenues recognized from all sources, including subsidiaries, by a parent company during a reporting period, after the elimination of any inter-company transactions.

Inventory Purchase Price

The amount paid to acquire inventory before any discounts or allowances.

Outstanding Voting

Refers to shares of a corporation that are currently owned by investors and have voting rights at shareholder meetings.