The American Revolution Was Won with the Help of the French,but

question 15

Multiple Choice

The American Revolution was won with the help of the French,but also with

• A) almost unanimous support in the colonies.
• B) financial assistance from Spain.
• C) lack of enthusiasm in the British Parliament.
• D) the draft of the Articles of Confederation spurring the Patriots on.
• E) some help from Spain.

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Definitions:

Credits

Refers to the accounting entries that increase liabilities or decrease assets, representing the opposite effect of debits in double-entry bookkeeping.

Liability Accounts

Accounts on a balance sheet that represent obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Stockholders' Equity Accounts

These accounts represent the owners' residual interest in the corporation's assets after deducting liabilities.

Credit Balances

Accounts within the accounting ledger that have a positive balance, indicating amounts owed to others.