Match the Person or Term with the with the Correct

question 7

Multiple Choice

Match the person or term with the with the correct description.
-Saratoga

• A)first significant American victory
• B)beneficiary of the Tea Act
• C)religious tolerance for Catholics
• D)colonists who were loyal to Britain
• E)black Loyalist forces
• F)pamphlet that argued for American independence
• G)each member of Parliament represented the entire empire
• H)exchanged ideas about resistance
• I)street protesters
• J)wealthy South Carolina backcountry
• K)refusal to buy British goods
• L)viewed by colonists as a major violation of liberty

---

Definitions:

Accrual-based Net Income

The measure of a company's financial performance that includes all earned revenues and incurred expenses, recognized as they are earned or incurred, rather than when cash is received or paid.

Initial Value Method

A financial accounting method where investments are recorded at their purchase cost without subsequent adjustment for changes in fair value.

Markup

The amount added to the cost price of goods to cover overhead and profit.

Inventory Transfers

Movements of inventory from one location to another within the same company, affecting the management of stock levels and valuation for accounting purposes.