As a Substitute for the Wage-Incentive System,slaveowners Most Often Used

question 47

Multiple Choice

As a substitute for the wage-incentive system,slaveowners most often used

• A) the lure that slaves might eventually purchase their freedom.
• B) the protection of slave families.
• C) the threat of sale or family disruption.
• D) whipping and flogging.
• E) incentive of free time for holidays.

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion.

Allowance for Doubtful Accounts

An accounting provision made by a company to account for customers who may not be able to make required payments, affecting the accounts receivable balance.

Accounts Receivable

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

Adjusting Entry

An accounting journal entry made at the end of a period to record any unrecognized income or expenses for that period, ensuring accuracy of the financial statements.