As a Result of the War of 1812,it Became Apparent

question 14

Multiple Choice

As a result of the War of 1812,it became apparent that

• A)the United States did not need a national bank.
• B)the United States had many qualified potential soldiers to draw on.
• C)free blacks were capable of fighting in the American military.
• D)the United States military had not been hurt by Jeffersonian cuts.
• E)the United States had begun a war it was ill prepared to win.

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Definitions:

Accounts Receivable

The sum customers owe a corporation for goods or services delivered but not yet compensated.

Credit Balance

A situation in an account where the sum of credits exceeds the sum of debits.

Contra-Asset

An asset account where its balance is a negative figure, offsetting the balance of a related asset account.

Allowance for Doubtful Accounts

Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.