Roosevelt Felt That the Best Way to Deal with the Soviets

question 14

Multiple Choice

Roosevelt felt that the best way to deal with the Soviets was to

• A) Assume they shared the same ideals and goals as Americans
• B) Dictate terms to them in order to prevent them from running rampant throughout Europe
• C) Forge a path of mutual accommodation that would sustain a mutual partnership through disagreements
• D) Convince the Soviets that American ways were better than theirs

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Definitions:

Adjusted Trial Balance

A list of all accounts and their final balances after adjustments, used to prepare financial statements.

Income Summary Account

A temporary account used to accumulate all income and expense accounts before transferring the net amount to retained earnings at the end of an accounting period.

Retained Earnings

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

Permanent Account

Accounts that carry their ending balances over into the next accounting period, typically including assets, liabilities, and equity accounts.