In Mexico

question 73

Multiple Choice

In Mexico

• A) the fascistic PRI seized power in 1926
• B) a thirty-year search for commercially successful oil fields ended in failure in 1935.
• C) the Cárdenas government nationalized the foreign oil companies' holdings and provided millions of acres of land to landless peasants.
• D) Diego Rivera invented the transistor in 1936.
• E) a devastating famine killed one-quarter of the population between 1933 and 1936.

---

Definitions:

Accounts Payable

This refers to the amounts due by a business to its suppliers or other parties for goods and services received but not yet paid for.

Accounts Payable Transaction

Financial activities related to the money owed by a company to its creditors or suppliers for goods and services received.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Credit

An accounting entry that either increases equity, liability, or revenue accounts, or decreases an asset or expense account.