Examlex
Which of the following would be reported on the income statement for Year 2?
Encomienda System
A labor system in Spanish America granting colonists the right to demand tribute and forced labor from the indigenous inhabitants.
Tributary Indian Villages
Native American communities that were subjugated by colonial powers to pay tribute, either in goods or labor.
Conquistadors
The soldiers, explorers, and adventurers at the service of the Spanish and Portuguese Empires who established dominion over much of the Americas and Asia from the 15th to 17th centuries.
Voyages of Exploration
Expeditions undertaken from the late 15th century onwards by European powers to discover and map new lands, establishing trade routes and colonies.
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