Which of the Following Was True of New England in the Seventeenth

question 49

Multiple Choice

Which of the following was true of New England in the seventeenth century?

• A) Residents were required to be members of the Puritan church.
• B) Residents were intensely loyal to the wishes of the king and Parliament.
• C) Church and state were separated in all New England colonies.
• D) Considerable cultural and racial open-mindedness was practiced.
• E) It was more governed by religious concerns than the middle and southern colonies.

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Definitions:

Consolidated Retained Earnings

The cumulative amount of profits kept by a company after dividends are paid, as reported in consolidated financial statements that merge the accounts of parent and subsidiary entities.

Par Value

The face value of a bond or stock as stated in the corporate charter or on the certificate.

Fair Value

Fair value is the estimated market price of an asset or liability, reflecting the price at which it could be exchanged between willing parties in an arm's length transaction.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation.