Which of These Statements Would Be Most Accurate Concerning African

question 14

Multiple Choice

Which of these statements would be most accurate concerning African slavery in the Americas?

• A) Human beings became property of other human beings during that Atlantic crossing.
• B) The Dutch were the first Europeans to engage in slave trading.
• C) Most Africans brought to the Americas came from the southwest coast of the continent.
• D) Most whites preferred to use Amerindian slaves, but they simply refused to work.
• E) The Portuguese founded the Royal African Company in 1672, but the British soon seized the initiative, buying and selling twice as many slaves as the their Iberian neighbors.

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Definitions:

Bad Debts

Refers to the amount of money owed to a company that is unlikely to be paid by the debtor, considered as a loss to the company.

Direct Write-off Method

An accounting practice where uncollectable debts are directly removed from the accounts receivable balance upon determination of their uncollectibility.

Bad Debts

Funds that a business or individual is unable to collect because the debtor is unable to pay.

Allowance Method

An accounting technique used to estimate and account for doubtful accounts receivable.