All of the Following Were Attributes of the Third Estate

question 61

Multiple Choice

All of the following were attributes of the Third Estate EXCEPT

• A) bourgeoisie, peasants, and urban laborers.
• B) lack of access to choice positions in the church and government.
• C) no possibility of upward mobility.
• D) growing poverty towards the end of the 18th century.
• E) possession of 50-60 percent of the land.

---

Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Total Assets

The sum of all owned resources that have economic value and can be converted into cash, which appear on a company's balance sheet.

Accrued Expenses

Expenses that have been incurred but not yet paid, recognized in the financial statements before the cash transactions occur.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.