The English Takeover of New Netherland (Which Was Subsequently Renamed

question 37

Multiple Choice

The English takeover of New Netherland (which was subsequently renamed New York) ________.

• A) had little immediate effect on the colony
• B) was followed by the expulsion of the Dutch
• C) led to the prompt creation of a legislature
• D) met with armed resistance by the Dutch
• E) sparked a war between the English and the Dutch

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Definitions:

Absorption Costing

A bookkeeping approach that incorporates all expenses related to production, including direct materials, direct workforce, and variable along with fixed overhead costs, into the product's cost.

Income Reported

Refers to the total revenue recognized by an entity within a specific reporting period, often found in financial statements.

Operations

Refers to the day-to-day activities involved in running a business, including production, sales, and administration functions.

Variable Costing

An accounting method that only includes variable costs in the cost of goods sold and analyzes fixed costs separately.