Define the Term Accounting, and Explain How Accounting Information Is

question 71

Essay

Define the term accounting, and explain how accounting information is used by a variety of stakeholders.

---

Definitions:

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799 that significantly affected the course of French and world history.

Alien and Sedition Acts

A series of laws passed in 1798 by the Federalist Congress and signed by President Adams, which made it harder for immigrants to become citizens and allowed for the imprisonment and deportation of those deemed dangerous or from enemy nations, and criminalized making false statements that were critical of the federal government.

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence (1776), and the third President of the United States (1801–1809).

Salem Witch Trials

A crisis of trials and executions in Salem, Massachusetts, in 1692 that resulted from anxiety over witchcraft.