What Was the Most Significant Reason Why Thomas Jefferson Wanted

question 61

Multiple Choice

What was the most significant reason why Thomas Jefferson wanted public education and the creation of the University of Virginia?

• A) It would help religion flourish in America and increase toleration.
• B) Education would spark technological development.
• C) The size of the merchant class would increase.
• D) It would raise up the general populace,making the people more informed voters.
• E) Relations with the Native Americans would improve,creating peace in the Ohio Valley.

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid, recognized in the accounting period they are incurred, not the period in which the cash payment is made.

Balance Sheet

A report detailing a company's assets, liabilities, and shareholders' equity at a particular moment, providing an overview of its financial health.

Unearned Rent

Unearned rent is money received by a landlord for rent that has not yet been earned because the rental period has not occurred. It is recorded as a liability until the period passes.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.