In an Effort to Provide for the Public Safety of Its

question 1

Multiple Choice

In an effort to provide for the public safety of its citizens, New York City

• A) hired its own police force in 1845.
• B) encouraged citizens to arm themselves in the 1840s.
• C) established a nine o'clock evening curfew in 1845.
• D) erected gas lights on all streets in 1842.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Cash Received

The total amount of cash received by a company during a specific period from all its activities, including operations, investments, and financing.

Direct Method

In accounting, the direct method is a way of reporting cash flows from operating activities by listing major categories of gross cash receipts and payments.

Income Taxes Payable

The amount of federal, state, or local taxes that a company is obligated to pay to the tax authorities, based on its earnings, within the current accounting period.