One Reason for the Initial Need of Formal Schooling Was

question 85

Multiple Choice

One reason for the initial need of formal schooling was

• A)additional sources of incomes for families with many children.
• B)laws that made such schooling mandatory.
• C)the invention of new technologies that could not easily be acquired on the job.
• D)the need for children to learn to read contracts and other business documents.

---

Definitions:

Prior Period

A term referring to the financial events or conditions from a previous accounting period.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made to shareholders in the form of additional company shares rather than cash.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested in the business.