Why Did the American Colonists Oppose the Taxes Imposed by the British

question 6

Multiple Choice

Why did the American colonists oppose the taxes imposed by the British after 1763?

• A)The Americans wanted to print their own stamps.
• B)The money raised by the taxes went to support government operations in places other than North America.
• C)American colonists were unhappy because no Americans participated in the legislative body the British Parliament)that enacted the taxes.
• D)The taxes were placing a heavy burden on the northern states.
• E)The taxes were encouraging slaves to escape from the South to the North.

Understand the reasons behind banks requiring companies to maintain compensating balances and their impact on business operations.

Understand the importance of properly reporting inventory in financial statements.

Comprehend the differences and applications of FIFO, LIFO, and average inventory costing methods.

Recognize the role of purchase orders in inventory control.