Which Event Was Most Influential in the Rise of a More

question 60

Multiple Choice

Which event was most influential in the rise of a more active national government?

• A) the War of 1812
• B) the Civil War
• C) World War I
• D) the Great Depression
• E) the Cold War

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Definitions:

Worksheet Income Statement

A simplified version of an income statement prepared within an accounting worksheet to calculate net income or loss.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in accounting.

Financial Statement

Reports that provide information about a company's financial condition, performance, and cash flows, including balance sheets, income statements, and more.

Permanent/Temporary

Classification of accounts; permanent accounts are balance sheet accounts that carry their ending balances into the next accounting period, while temporary accounts are closed and zeroed out at the end of each period.