The Sudden Growth and Long-Term Success of Muscovy Can Be

question 47

Multiple Choice

The sudden growth and long-term success of Muscovy can be attributed to

• A) its rich mineral resources.
• B) the conquests of Ivan the Great.
• C) its geographic location.
• D) the conquests of Ivan the Great and its geographic location.

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Definitions:

Fees Earned

Income generated from providing services to clients or customers.

Dividends

A portion of a company's earnings distributed to shareholders as a return on their investment.

Miscellaneous Expense

Small, often irregular costs that do not fit well into other categories of a budget or financial statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts’ balances to permanent ones, resetting the temporary accounts for the next period.