Which of the Following Describes the Changes Experienced by the Californios

question 46

Multiple Choice

Which of the following describes the changes experienced by the Californios between 1850 and 1880?

• A) Their numbers increased from 19 percent to 82 percent of the state's total population.
• B) They solidified their claim to historic land.
• C) Their percentage of the state's population fell by more than 60 percent.
• D) They began their steady assimilation into American life.

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Definitions:

Write Off

The accounting action of declaring that an asset is no longer useful and recording its depreciation in the financial statements.

Expense Recognition Principle

An accounting principle that matches expenses with the revenues they helped to generate, recognizing expenses in the same period as the revenues.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly removed from the accounts when deemed irrecoverable.

Materiality Constraint

An accounting principle that allows the omission or misstatement of figures that are not significant enough to influence the decision-making process of users of financial statements.