Which Factors Contributed to the Establishment of the Northeast as a Core

question 4

Multiple Choice

Which factors contributed to the establishment of the Northeast as a core area within the world economy?

• A)Northeastern cities had excellent locations for international trade
• B)New European immigrants provided cheap labor for factories
• C)The Erie Canal and railroads gave easy access to the resources of the interior
• D)Eastern cities had the nation's largest supply of capital which provided the money needed to support business
• E)All of the above contributed

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Definitions:

Income Tax Expense

Income tax expense is the charge to earnings in a given period for taxes owed to federal, state, and local governments based on taxable income.

Income Tax

Tax levied on company income.

AASB 112

The Australian Accounting Standards Board's standard regarding Income Taxes, which dictates the accounting treatment for current and deferred tax.

Deferred Tax

A tax liability or asset that arises due to the temporary differences between the accounting income and the taxable income.