In 1949,the Truman Administration Made Progress in Civil Rights by

question 88

Multiple Choice

In 1949,the Truman administration made progress in civil rights by

• A) ordering the desegregation of public transportation.
• B) establishing the Fair Employment Practices Commission.
• C) making lynching a federal crime.
• D) ordering an end to discrimination in the hiring of government employees.
• E) abolishing the poll tax.

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Definitions:

Impairment Loss

A reduction in the recoverable value of a fixed asset or goodwill below its book value, leading to a write-down and charge against earnings.

Cost Method

An accounting method where investments are recorded at their acquisition cost without subsequent change except for impairment.

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Goodwill Impairment

A charge that companies record when the book value of goodwill on their balance sheets exceeds its fair market value, indicating that the asset has lost value.