Liberal Gains Due to the Revolutions of 1848include

question 51

Multiple Choice

Liberal gains due to the revolutions of 1848include

• A) universal manhood suffrage in France.
• B) abolition of serfdom in Austria.
• C) establishment of parliaments in Prussia and other German states.
• D) adoption of elements of the liberal agenda by conservatives who held on to power.
• E) all of the above

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Definitions:

Physical Flow Assumption

An accounting method that tracks the physical movement of goods in inventory, often used to calculate cost of goods sold or ending inventory.

Specific Identification

Specific Identification is an inventory valuation method that tracks the actual cost of each specific item in inventory.

LIFO

LIFO, or Last-In, First-Out, is an inventory accounting method where the most recently produced or acquired items are the first to be used or sold.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones sold.