Which of the Following Statements Is False Concerning Early New

question 10

Multiple Choice

Which of the following statements is false concerning early New England school buildings?

• A) Schools were started wherever space could be found, including barns.
• B) Most schools were built cheaply and had one room with benches for seats and a stove or fireplace for heat.
• C) Children from families with very low incomes who attended church regularly and were of good moral character qualified for free or reduced price lunches at school.
• D) Paper greased with lard often substituted for school windows.
• E) Sometimes a firewood tax levy was placed on parent with children who attended school to pay for heating the school house.

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The amount at which an asset is recognized on the balance sheet after deducting any accumulated depreciation and impairment charges.

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An account on a company’s balance sheet that is a provision for income taxes that have been accrued but are not yet due.

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Profits that have been earned but not yet realized through a transaction, such as an increase in value of an investment that has not been sold yet.

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the totality of goods and materials held by a company for the purpose of resale, manufacturing, or repair.