Was the Spanish Use of Horses Helpful in Conquering the Incas

question 31

Multiple Choice

Was the Spanish use of horses helpful in conquering the Incas?

• A) Yes, they were intimidated by them
• B) Yes, in that horses were considered sacred to the Incas
• C) No, it turns out that horses could not travel the mountainous terrain like lamas
• D) No, every horse that Pizarro brought over died of sickness before any battles actually happened

Identify the category to which different accounts belong

Determine the normal balance for various accounts

Understand which financial statements report specific account balances

Differentiate between permanent and temporary accounts

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Definitions:

Net Income

Net income is the total profit of a company after subtracting all expenses, taxes, and costs from its total revenue.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, with voting rights at shareholder meetings.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a portion of the company's profits.

Earnings Per Share

A financial ratio that calculates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.