What Is the Connection Between the Great Migration and the Black

question 10

Multiple Choice

What is the connection between the Great Migration and the black class structure of Chicago in the 1920s?

• A) Fewer numbers of blacks in the city helped to flatten the class system.
• B) More black people in Chicago meant less class divisions.
• C) The new migrants helped to establish a discernible class system.
• D) Most of the new migrants became wealthy in a few years.

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Definitions:

Permanent Accounts

Accounts that carry their ending balances over to the next fiscal year, including asset, liability, and equity accounts, foundational for understanding a company's financial health.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, listing assets, liabilities, and equity.

Final Entries

The journal entries recorded at the end of an accounting period to prepare accounts for the next period or for the preparation of financial statements.

Temporary Accounts

Accounts used to collect information during a specific accounting period and are closed at its end, such as revenues, expenses, and dividends accounts.