The Line Drawn in the Proclamation of 1763 Was a Great

question 80

Multiple Choice

 The line drawn in the Proclamation of 1763 was a great annoyance to the American colonies because it

• A)placed a western limit on colonial expansion.
• B)moved the Canadian border into Massachusetts territory.
• C)created a zone that had to be defended by colonial militia.
• D)placed a western limit on colonial expansion into Canada.
• E)created an Indian state in the Ohio Valley.

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Definitions:

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Parent-Company Extension Method

An accounting approach used in consolidation, where the parent company's financial statements extend to include the subsidiary's transactions and balances.

Goodwill

Goodwill is an intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.