One Constraint Faced by All European Nations in America Was

question 41

Multiple Choice

One constraint faced by all European nations in America was

• A)the large and powerful presence of Native Americans.
• B)the lack of sufficient agricultural land.
• C)the harsh and bitter climate of much of North America.
• D)political conflict at home.

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Definitions:

Installment Receivables

Money owed to a company from its customers who have purchased goods or services on a payment plan over a set period of time.

Realized Gross Profit

The total earnings a company makes after deducting the direct costs associated with producing its goods or services.

Revenue Recognition

The accounting principle that dictates when revenue is considered earned and can be recorded in the company's financial statements.

IASB And FASB

The International Accounting Standards Board and the Financial Accounting Standards Board, two organizations involved in setting global and U.S. accounting standards, respectively.