As a Result of the Industrial Revolution in the 19th

question 16

Multiple Choice

As a result of the industrial revolution in the 19th and early 20th centuries,

• A) governments got together and decided to require firms to draw up balance sheets every two years.
• B) it was finally necessary to develop double entry accounting.
• C) the basic form of business organization shifted to limited liability and joint stock companies.
• D) fixed assets diminished in importance.