Which Event Paved the Way for France Finally to Join

question 14

Multiple Choice

Which event paved the way for France finally to join in the scramble for colonies in the New World?

• A) Protestant takeover of the French government
• B) Edict of Nantes that ended the religious wars
• C) Accession of Louis XIV to the French throne
• D) St. Bartholomew's Day Massacre
• E) Seven Years' War

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Definitions:

Retained Earnings

The portion of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into the company's financial health.

Closing Entries

Bookkeeping records created at the conclusion of a financial period to move balances from temporary to permanent accounts, thereby readying the organization's financial records for the forthcoming period.