In Addition to Their Competition for Land, Colonial Settlers and Indians

question 21

Multiple Choice

In addition to their competition for land, colonial settlers and Indians engaged in conflicts over

• A) fishing rights.
• B) French protection.
• C) the fur trade.
• D) access to British imports.

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Definitions:

Closing Entry

An accounting transaction recorded at the end of an accounting period to transfer the balances of temporary accounts to permanent ones.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used in preparing financial statements.