The Term Encomienda Refers to

question 42

Multiple Choice

The term encomienda refers to

• A)a Spanish system devised to collect tribute from natives and to use their labor.
• B)Spanish officials who supervised local industries.
• C)taxes levied on the colonists by the Spanish government.
• D)special Jesuit missionaries assigned to posts in the New World.
• E)mission schools set up to educate the Indians.

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Definitions:

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the company.

Salaries Expense

The total amount paid to employees for services rendered during a specified period, recorded as an expense on the income statement.

Depreciation

The method of distributing the expense of a physical asset through its lifespan, accounting for depreciation, outdatedness, or aging.

Allocation Process

The method of distributing costs among different departments, products, or services for accounting purposes.