"New Immigrants

question 113

Multiple Choice

"New immigrants":

• A) defined mostly those from China and Japan.
• B) arrived in large numbers from the Russian and the Austro-Hungarian empires.
• C) in contrast to "old immigrants," did not arouse the ire of nativists, who saw these newcomers as more willing to work.
• D) in Boston helped form an "Immigration Restriction League" as a response to Mexican immigrants.
• E) were welcomed by older immigrants.

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts for the next period.

Revenue and Expense Account Balances

Represents the amounts recorded in the financial statements for income earned and costs incurred by a company during a reporting period.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate revenue and expenses to the correct periods.

Earnings Per Share

A financial metric calculated by dividing the net earnings available to common shareholders by the average outstanding shares.