Which of the Following Is a True Statement About the Northwest

question 44

Multiple Choice

Which of the following is a true statement about the Northwest Ordinance of 1787?

• A)It remained silent on the issue of slavery, thus encouraging the slave trade in the territories.
• B)It stipulated that a territory could elect a legislature when its male population reached 1,000.
• C)It allowed a territory to enter the Union as a state once its total population reached 60,000.
• D)It respected the rights of the native inhabitants of the land, protecting them from white settlers.
• E)It failed to incorporate a bill of rights, thus giving the Crown extensive power over the colonies.

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Definitions:

Par Value

The nominal or face value of a stock or bond as assigned by the issuing company, which may bear no relation to its market value.

Preferred Stock Dividend

Cash distributions that are paid to holders of a company's preferred shares at a specified rate and before dividends are paid to common stockholders.

Earnings Per Common Share

A financial metric used to gauge the profitability of a company on a per-share basis, calculated as net income less dividends on preferred stock divided by the average number of common shares outstanding.

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.