In What Era Did Scientific Methods Emerge as It Relates

question 46

Multiple Choice

In what era did scientific methods emerge as it relates to examining the workings of government with the goal of improving society?

• A) 1700s
• B) 1850s
• C) 1900s
• D) 1950s

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Definitions:

Accrued Liabilities

Expenses that have been incurred but have not been paid at the end of the accounting period.

Indirect Method

A accounting technique used to prepare the cash flow statement, converting net income into net cash flow from operating activities by adjusting for non-cash items and changes in working capital.

Net Income

Total earnings of a company after all expenses and taxes have been deducted from total revenue.

Note Receivable

A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a demand or at a future date.