Which of the Following Was NOT a Result of the European

question 46

Multiple Choice

Which of the following was NOT a result of the European revival in trade after the Middle Ages?

• A)The push for exploration
• B)An increase in commerce
• C)An increase in the power of the nobility
• D)The formation of nation-states
• E)The Protestant Reformation

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Definitions:

Assets And Liabilities

Assets are resources owned by a company that have economic value, while liabilities are obligations the company owes to others, reflecting the company's debts or financial responsibilities.

Unearned Rent Revenue

Income received for rent that has been paid in advance by a tenant but not yet earned by the landlord.

Wages Payable

Wages payable is a liability account that records the amounts owed to employees for work that has been performed but not yet paid.

Capital Lease Contracts

Lease agreements that transfer substantially all risks and rewards of ownership from the lessor to the lessee, effectively treated as a purchase.