The "Rule of Thumb" Referred to Which of the Following

question 39

Multiple Choice

The "rule of thumb" referred to which of the following?

• A) Wives were under their husband's thumb.
• B) Husbands could not beat their wives with instruments longer than their thumbs.
• C) The only ruler in a man's home was his thumb.
• D) Wives could only be beaten with her husband's hands.

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Definitions:

Journal Entry

A record in the books of accounts that represents a business transaction, including information about debit and credit entries.

Bonds Payable

Long-term liabilities that represent money a company owes to bondholders, to be repaid at a specified maturity date.

Carrying Value

The net amount at which an asset is valued on the balance sheet, calculated as the original cost minus any accumulated depreciation, depletion, or amortization.

Discount

A reduction in the price of goods or services, often used as a promotional tool or to encourage quicker payment.