Indentured Servants Were

question 42

Multiple Choice

Indentured servants were

• A) likely to work for one to four years for their masters.
• B) workers who could be sold, rented out or beaten.
• C) often kept from marrying and sexually harassed.
• D) typically able to collect the land that was promised to them once their term of service was over.
• E) All of these choices

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Definitions:

Income

Increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.

Gains

Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases in liabilities that result in increases in equity, other than those related to contributions from equity participants.

Significant Risks

Major threats or uncertainties that could potentially impact an entity's operations, financial performance, or reputation significantly.

Economic Benefits

Refers to the advantages or gains, often measured in terms of revenues or savings, that an entity expects to receive as a result of certain actions or investments.