What Did the Ausgleich or Compromise of 1867 Achieve

question 55

Multiple Choice

What did the Ausgleich or Compromise of 1867 achieve?

• A)It created a loose federation of ethnic states within the Austrian Empire.
• B)It freed the serfs and eliminated compulsory labor services with the Austrian Empire.
• C)It made Austria part of the North German Confederation.
• D)It granted the Czechs and Slovenes home-rule.
• E)It created the dual monarchy of Austria-Hungary.

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Definitions:

Sales on Account

Transactions where goods or services are sold and payment is deferred, creating accounts receivable.

Merchandise

Goods bought and sold by retailers.

Cash Collections

The process of gathering monies that are owed to a business by its customers or clients.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, prior to any purchases or production during the period.