What Soviet-American Crisis Erupted in 1948 After It Became Clear

question 34

Multiple Choice

What Soviet-American crisis erupted in 1948 after it became clear that the West was planning on creating a state in Germany by uniting their occupation zones?

• A) The Berlin Blockade.
• B) The Berlin Wall.
• C) The Cuban Missile Crisis.
• D) The Bay of Pigs invasion.

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Definitions:

Prepaid Expenses

Costs that are paid for in advance and recorded as assets until they are used or consumed, at which point they become expenses.

Asset Account

Represents a resource owned or controlled by a company that is expected to provide future economic benefits.

Expense Account

An expense account tracks the outflow of money to cover operational costs or purchases related to running a business.

Supplies Expense

An account that tracks the cost of consumable items used during an accounting period.