The Declaratory Act

question 101

Multiple Choice

The Declaratory Act

• A)repealed the Stamp Act.
• B)declared that the colonies were in a state of insurrection.
• C)asserted Parliament's absolute right to legislate for the colonies.
• D)nullified the charters of Massachusetts and Rhode Island.
• E)established new taxes on the colonists.

---

Definitions:

T-Accounts

A graphical representation of a ledger account, used in accounting to show the effects of transactions on individual accounts.

Work In Process

Partially finished goods that are still in the production process, representing a component of inventory costs on the balance sheet.

T-Accounts

A visual representation of accounts in the general ledger of a company, used to understand the effects of transactions on each account.

Machine-Hours

A measure of the amount of time machines are used in the production process, often used as a basis for allocating manufacturing overhead costs.