Many Social Changes Occurred in Europe as a Result of World

question 5

Multiple Choice

Many social changes occurred in Europe as a result of World War I.Among them was the emergence of the "New Woman," an occurrence that was greeted:

• A)with universal praise since it signaled the end of the division of labor by sex.
• B)by all women as a good thing and by every man as a true evil.
• C)by a resounding indifference on the part of most people since it affected so few.
• D)with mixed reviews;many celebrated it while many grumbled about the change.
• E)with welcome by most people,the notable exception being the clergy.

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Definitions:

Owner's Capital

The amount of equity belonging to the owner of a business, reflecting investments and accumulated earnings.

Income Summary

An accounting tool used to aggregate all income and expense accounts to determine net income or loss for a period.

Revenue

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.