In Newly Established Colonies,the Most Important Role of Taxes Was

question 37

Multiple Choice

In newly established colonies,the most important role of taxes was:

• A)To support the cost of the colonial government.
• B)To provide an immediate profit for the colonizing country.
• C)To extend central government control into small villages.
• D)To pay the cost of building roads and bridges in the colony.
• E)To force colonial subjects to work for Europeans or produce products they desired.

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Definitions:

Initial Value Method

A method for investment accounting where the investment is recorded at acquisition cost, with changes in value not usually recorded.