As Part of the Complex Hierarchical Administrative System Established by the Spaniards

question 35

Multiple Choice

As part of the complex hierarchical administrative system established by the Spaniards in the New World, the municipal councils, or _________, were set up in towns and cities to serve as elective bodies under the supervision of appointed inspectors.

• A) aduanas
• B) cabildos
• C) repartimientos
• D) audiencias

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Definitions:

Equity Method

An accounting technique used to record investments in other companies when the investor has significant influence over the company.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and all related expenses.

Equity Method

An accounting technique used to record investments in other companies, where the investment is reflected as an asset and changes in the value of the investment adjust the investor's income.