Which of the Following Was Not a Result of the Treaty

question 20

Multiple Choice

Which of the following was not a result of the Treaty of Nanking?

• A) Hong Kong became a British colony.
• B) China was able to retain its tariffs to protect fledgling industries.
• C) The British opened five Chinese treaty ports.
• D) The Qing paid 21 million ounces of silver to England.
• E) British residents were granted extraterritoriality.

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Definitions:

Wages Expense

The total amount of wages paid to employees during a specific period as an expense to the company.

Interest Expense

The price paid by an entity for the privilege of using borrowed funds over a designated period.

Operating Income

Earnings generated from a company's core business operations, excluding deductions of interest and taxes.

Credit Sales

Transactions where goods are sold and payment is received at a later date, extending credit to the buyer.