After the Manchus Captured Beijing, Some Ming Loyalists Fled to the Island

question 12

Multiple Choice

After the Manchus captured Beijing, some Ming loyalists fled to the island of Taiwan, where they expelled the ________, who had established a trading base there.

• A) Portuguese
• B) Japanese
• C) British
• D) Dutch

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Definitions:

Expense Matching

An accounting principle that states expenses should be recorded in the same period as the revenues they helped to generate, to accurately match income with expenses.

Cause and Effect

A relationship where one event (the cause) leads to the outcome of another event (the effect).

Systematic Allocation

The methodical distribution of costs or revenues across different accounts, periods, or projects to match expenses with related revenues.

Expense Recognition

The accounting principle dictating that expenses are recorded when incurred, not necessarily when paid.