What Did the Council of Trent Achieve

question 125

Multiple Choice

What did the Council of Trent achieve?

• A)It compromised with the Protestants on the doctrine of Justification by Faith.
• B)It agreed with most Protestants that there were only two sacraments.
• C)It reaffirmed traditional Catholic beliefs against the Reformation.
• D)It asserted the importance of doctrine over ritual.
• E)It placed church councils above the authority of the popes.

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Definitions:

Financing Activity

Activities that result in changes in the size and composition of the equity and borrowings of a company.

Operating Activity

Business actions that are directly related to the production and delivery of goods and services, which are reflected in the income statement.

Investing Activity

This refers to transactions involving the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Statement of Cash Flows

A financial report detailing the impact of alterations in balance sheet figures and income on cash and cash equivalents, dividing the cash flows into categories of operating, investing, and financing activities.