What Do Fisk,Hampton,Tougaloo,and Avery Colleges Have in Common

question 67

Multiple Choice

What do Fisk,Hampton,Tougaloo,and Avery Colleges have in common?

• A) They all began as all-white colleges and became black institutions after the war.
• B) They had nothing in common since each college was founded at different times, by different people, and for different reasons.
• C) They taught only literature and writing to blacks.
• D) They were black schools established by religious organizations, along with the Freedmen's Bureau, after the Civil War.

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Definitions:

Fair Value

The estimated market value of an asset or liability, reflecting the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation and gives rights to dividends and voting in company matters.

Acquisition

The process of obtaining control of another company or business entity through purchase or merger.

Consolidated Inventory

The aggregate amount of inventory held across all subsidiaries of a parent company, combined in the financial statements to present a total inventory figure for the entire corporate group.