Athens Is Thought to Have Emerged from the Dark Ages

question 29

Multiple Choice

Athens is thought to have emerged from the Dark Ages as a leading polis because it

• A)was the most isolated of the city-states.
• B)was the largest in area.
• C)was on the seacoast and had the best harbor.
• D)had provided a safe haven during the Dark Ages.

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Definitions:

Inventories

Items held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process.

Useful Life

The period over which an asset is expected to be usable by an entity, affecting its depreciation or amortization.

Straight-line Method

A method of calculating depreciation of an asset where the cost is evenly allocated over its useful life, resulting in a consistent expense each period.

Accounting Standards

Rules and guidelines set by authoritative bodies that dictate how financial transactions and statements should be reported and maintained.