Which of the Following Was True of the Effects of the Siege

question 16

Multiple Choice

Which of the following was true of the effects of the siege at Fort Stanwix?

• A)It did not stop the British advance toward Albany.
• B)It allowed the British to capture the Hudson.
• C)The Continental soldiers and their allies were forced to flee the fort.
• D)It illustrated the complex ethnic alignments of the Revolution.

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Definitions:

Contingent Liabilities

Possible obligations that may arise in the future due to past events, depending on the occurrence of certain uncertain events.

Unearned Revenues

Income received by a company for goods or services yet to be delivered or performed.

Liability Uncertainty

Liability uncertainty involves not knowing the exact amount or timing of future outflows due to existing obligations.

Sales Taxes Payable

Current liabilities on a company’s balance sheet, representing taxes collected from customers on behalf of governmental authorities which are yet to be remitted.