After the Spanish Conquest, the Lands of the Former Inca

question 34

Multiple Choice

After the Spanish conquest, the lands of the former Inca Empire

• A)provided vast amounts of gold and silver for the Spanish crown.
• B)experienced resistance to foreign rule until the 1570s.
• C)were reoriented away from the mountains to the coast.
• D)were reorganized under the new Spanish capital at Lima.
• E)All of these.

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Definitions:

Statement of Cash Flows

This document details the combined amount of cash a business gains from its day-to-day operations and outside investments, and the cash it expends on operating and investing activities over a particular period.

Indirect Method

A method of calculating cash flows from operating activities in the cash flow statement by adjusting net income for changes in non-cash accounts.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not considered cash equivalents.