The Scotch-Irish Were Not Considered Part of the Prototypical Irish

question 30

Multiple Choice

The Scotch-Irish were not considered part of the prototypical Irish ethnic group because they:

• A)were Protestant.
• B)arrived in small numbers.
• C)were part of the second wave of Irish immigration.
• D)remained in a low socioeconomic class.

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Definitions:

Depreciation Expense

The allocated portion of an asset's cost expensed each year over its useful life to account for its wear and tear, obsolescence, or decline in value.

End-Of-Period Spreadsheet

A tool used in accounting to compile all balances and adjustments of an accounting period before preparing the final financial statements.

Retained Earnings

The portion of net income that is held by a company and not distributed to shareholders as dividends, used for investment or debt repayment.

Revenues

The complete earnings derived from transactions involving goods or services that are fundamental to an organization's core functions.