Identify and Give the Historical Significance of Each of the Following

question 26

Essay

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Dawes Act

---

Definitions:

Partial Billings

Requests for payment for a portion of a project or work completed, often used in long-term contracts or with milestone-based payments.

Direct Cost

Expenses that can be directly attributed to the production of specific goods or services, like raw materials and labor.

Initial Direct Costs

Expenses directly associated with acquiring or originating a loan or insurance policy, which may include processing and sales commissions.

Revenue Recognized

The process of recording revenues in the financial statements when they are earned, which may not coincide with when the cash is received.