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Select the choice that describes the type of transaction and whether it should be recorded in the accounting system. (Choices may be used more than once.)
a.External event to be recorded as a transaction
b.Internal event to be recorded as a transaction
c.Event which should not be recognized in the accounting system
-An order is placed with a supplier for merchandise.
European Powers
Refers to the nations of Europe with significant political, military, and economic influence, especially noted during the colonial and imperial periods.
New Colonies
Territories that have been recently established or acquired by a country, typically overseas, for the purpose of expansion, settlement, and exploitation.
Missouri Compromise
A significant legislative agreement passed in 1820 in the United States, admitting Missouri as a slave state and Maine as a free state, maintaining a balance between slave and free states.
Slavery Extension
The political and social debate over the expansion of slavery into new territories or states in a country.
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