What Was the Purpose of the Second Confiscation Act,passed by Congress

question 12

Multiple Choice

What was the purpose of the second Confiscation Act,passed by Congress on July 17,1862?

• A) It freed all slaves in Union and Confederate states.
• B) It made it legal to use slaves as Union army laborers.
• C) It freed the slaves of rebel masters.
• D) It emancipated slaves in the border states.

---

Definitions:

Accounts Receivable Turnover

A financial ratio indicating how efficiently a company collects its accounts receivable, calculated as net credit sales divided by average accounts receivable.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management and sales performance.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for goods or services sold on credit.

Liquidity

A measure of how easily assets can be converted into cash without affecting their market price.