​Ferdinand Magellan and Sebastian Del Cano,along with Their Crew,became the First

question 30

Multiple Choice

​Ferdinand Magellan and Sebastian del Cano,along with their crew,became the first Europeans to accomplish which of the following?

• A)Circumnavigate the globe
• B)Develop a profitable western sea route to Asia
• C)​Trade with the Native Americans
• D)​Find the elusive Northwest Passage
• E)​Both A and B

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Definitions:

Post-Closing Trial Balance

A financial statement prepared after all adjusting and closing entries are made, serving to check the balance of debits and credits.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances to reflect accrued incomes and expenses for the period.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business resources.

Net Income

The conclusive financial gain of a company upon subtracting every expense and tax from its total sales revenue.