What Was the Primary Object of Spanish Explorers in the New

question 55

Multiple Choice

What was the primary object of Spanish explorers in the New World?

• A) Agricultural land
• B) Gold
• C) Land
• D) A fountain of youth
• E) Furs

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods and services received.

Credit

Refers to the provision of goods or services with the expectation of future payment, or an accounting entry that increases liabilities or decreases assets.

Asset Accounts

Accounts on a balance sheet representing owned resources expected to provide future economic benefits.

Expense Accounts

Accounts used to record all expenditures incurred by a business during an accounting period, excluding costs of goods sold.