One of the Most Enduring of the Pre-Civil War Utopian

question 114

Multiple Choice

One of the most enduring of the pre-Civil War utopian colonies was

• A) Oneida.
• B) New Harmony.
• C) Brook Farm.
• D) Walden.
• E) Nauvoo.

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Definitions:

Adjusting Journal Entry

A journal entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the financial statements comply with the accrual concept of accounting.

Supplies Account

An account that records the costs of supplies on hand and used by a business, which can be a significant part of operating expenses depending on the business type.

Year-End Adjustment

Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Insurance Policy

A contract between an insurer and a policyholder that outlines the terms under which the insurer agrees to compensate the policyholder for specific losses.