Luther's Break with the Church Was Prompted by

question 43

Multiple Choice

Luther's break with the church was prompted by

• A)the Council of Pisa's declaration that maintained the necessity of purgatory for salvation.
• B)the increase of papal taxes on the German peasantry.
• C)widespread sale of indulgences by preaching monks.
• D)the declaration that the German clergy must pay taxes.
• E)the papacy's threat to depose the German emperor.

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Definitions:

Inventory Estimate

An approximation of the value or quantity of inventory, used for accounting or planning purposes.

Retail Method

An accounting method to estimate ending inventory and cost of goods sold by using a proportional relationship between the retail value and cost of goods.

Estimated Ending Inventory

An approximation of the value of inventory a company has on hand at the end of an accounting period.

Gross Profit Rate

A financial metric that represents the proportion of money left over from revenues after accounting for the cost of goods sold.