As the Fighting in the Final Phase of the American

question 47

Multiple Choice

As the fighting in the final phase of the American Revolution (1778-1781) carried into communities previously isolated from the war,

• A) local criticism of Patriots increased.
• B) American armies engaged in more large, open-field battles.
• C) support for independence greatly increased.
• D) large segments of the American population became war refugees.
• E) more Loyalists began actively helping the British.

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Definitions:

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Dividends Account

An account used in bookkeeping that tracks dividends declared by a company to be paid out to its shareholders.

Temporary Account

An account used to collect balances over an accounting period that are then transferred to a permanent account.

Stockholders' Equity

The remaining interest in a company's assets after all liabilities are subtracted, indicating ownership.