Did Oliver Cromwell Support the Bishops of England

question 12

Multiple Choice

Did Oliver Cromwell support the bishops of England?

• A) Yes, he found them the appropriate power to check the King's power
• B) Yes, he even tried to get the archbishop of Canterbury made king
• C) No, as a Puritan, he rejected the episcopal model
• D) No, as a Puritan he believed that all are priests, all are bishops

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Definitions:

Net Income

The company's net income following the deduction of all costs and taxes from its earnings.

Income-Sharing Ratio

The proportionate distribution of profit or loss among partners in a partnership according to their agreed percentages.

Net Assets

The total assets of a company or individual minus all its liabilities, representing the owners' or shareholders' equity.

Partnership Accounting

Partnership accounting refers to the process of recording and managing the financial transactions and accounts of a business partnership, including tracking investments, profits, losses, and distributions among partners.