Plessy V. Ferguson (1896)

question 50

Multiple Choice

Plessy v. Ferguson (1896)

• A) invalidated state-imposed racial segregation in Texas.
• B) validated the election of State Board of Education members.
• C) overturned the Brown v. Board of Education U.S. Supreme Court case of 1954.
• D) was reinforced by Edgewood ISD v. Kirby.
• E) validated state-imposed racial segregation in Texas public schools.

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Definitions:

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Reasonably Foreseeable Users Test

A legal standard used to determine whether the information provided by a business can reasonably be expected to reach a particular group of users.

Breach of Duty

Occurs when an individual or entity fails to fulfill their obligations or standards of care required by law or contract.

GAAP and GAAS

GAAP (Generally Accepted Accounting Principles) refers to a set of accounting standards and practices. GAAS (Generally Accepted Auditing Standards) refers to the standards guiding audits of financial statements.