All of the Following Were Accomplished by the National/Constituent Assembly

question 21

Multiple Choice

All of the following were accomplished by the National/Constituent Assembly EXCEPT the

• A)Declaration of the Rights of Man and the Citizen.
• B)Civil Constitution of the Clergy.
• C)legal defense of seigneurial rights throughout the country.
• D)reform of French voting procedures.
• E)abolishment of divine right monarchy.

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Definitions:

FIFO Method

"First In, First Out," an inventory valuation method assuming goods first purchased or produced are the first to be sold.

Perpetual Inventory System

An inventory system that tracks merchandise in real-time, updating inventory records immediately upon purchase or sale.

Periodic Inventory System

An inventory accounting system where updates to inventory levels and Cost of Goods Sold are made at set intervals.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.