All of the Following Is True of the Carolina Colony

question 59

Multiple Choice

All of the following is true of the Carolina colony EXCEPT:

• A) It began under the authority of the Lords Proprietors in Barbados.
• B) It was intended as a place to transport religious dissenters as well as a bulwark against the Spanish in Florida.
• C) The settlers there realized very quickly that Native Americans were not a viable source of slaves.
• D) It was a source for vital supplies necessary for building ships.

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Definitions:

Acquiree

A company that has been bought or acquired by another company.

Business Combination

The process of bringing together separate companies or entities into one larger organization through mergers, acquisitions, or consolidations.

Tax Effects

The impact of tax laws on the financial statements of an entity, including the calculation of tax liabilities and assets.

Consolidation

The process of combining financial statements of a parent company with those of its subsidiaries to present as one entity.