Which of the Following Does NOT Describe Why the Artisans

question 7

Multiple Choice

Which of the following does NOT describe why the artisans of the industrial revolutionary era were the most successful of the laboring classes?

• A) Their skills were difficult to learn.
• B) Early machines were unable to duplicate their work.
• C) In most cases they were educated and literate.
• D) Guilds and unions provided them with political protection.
• E) Socially they came from a stable background.

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Definitions:

Post-closing Trial Balance

A list of all company accounts that remain after year-end closing entries have been made, used to verify the balance of debits and credits.

Financial Statements

Structured reports of an entity's financial activities and condition, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period and are not closed out, such as assets, liabilities, and equity accounts.

Balance Sheet

A document depicting a corporation’s financial standing at a particular instant, outlining its assets, debts, and owner's equity.