Identify the Statement That Is False

question 95

Multiple Choice

Identify the statement that is false.

• A) Royal titles were unknown in the American colonies.
• B) Property ownership and political participation were relatively accessible.
• C) The Americans were dependent on the British officials in London to run their affairs.
• D) Republican and Whig ideas predisposed the Americans to be more aware of threats to their rights.
• E) Distance weakens authority; great distance weakens authority greatly.

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Definitions:

Closing Entry

A journal entry made at the end of an accounting period to transfer the balance from temporary accounts to permanent ones, prepping the books for the next period.

Withdrawn

Refers to the act of removing funds from an account or canceling a financial transaction or operation.

Salaries

Regular payments made to employees for their service during a set period, not depending on hours worked.

Partnership

A legitimate business setup where two or more individuals collaborate in managing the business and dividing its profits.