Which of the Following Statements Concerning the Ku Klux Klan

question 37

Multiple Choice

Which of the following statements concerning the Ku Klux Klan in the 1920s is not true?

• A) The Klan was made up of ordinary Americans.
• B) The Klan targeted blacks, Catholics, Jews and women violating sexual taboos.
• C) The Klan dropped the elaborate rituals, titles, and costumes of the Reconstruction era in order to attract a mass membership.
• D) Estimates of Klan membership in the 1920s range as high as 5 million Americans.
• E) It promised to restore the nation's lost racial, ethnic, religious, and moral purity.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for purchases and the cost of goods sold.

Lower-of-cost-or-market

An accounting principle requiring that inventory be recorded at either the historical cost or the market value, whichever is lower, to ensure assets are not overstated.

Market

A place or platform where buyers and sellers meet to trade goods, services, or financial instruments.

Lower-of-cost-or-market

An accounting principle that requires inventory to be recorded at the lower of its original cost or current market value, ensuring assets are not overstated on the balance sheet.