Which of the Following Was Not One of the Goals

question 93

Multiple Choice

Which of the following was not one of the goals of the Olive Branch Petition?

• A) a cease-fire at Boston.
• B) repeal of the Coercive Acts.
• C) opening negotiations to establish guarantees of American rights.
• D) colonial administration by the British cabinet rather than King George.
• E) maintenance of peace between Britain and the colonies.

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Definitions:

Earnings Quality

An assessment of the true income generated by a company, gauging how accurately the reported income reflects the company's true earning power.

Deferred Tax Assets

Assets on a company's balance sheet that may be used to offset future tax liabilities.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

Valuation Allowance

Valuation Allowance is an accounting procedure that reduces the value of a deferred tax asset if it is unlikely that the business will use the tax asset in the future.