What Was the "Lost Cause

question 60

Multiple Choice

What was the "Lost Cause"?

• A) It was a term that referred to southerners' sense of embarrassment following the Civil War that they had ever engaged in and fought for a practice as terrible as slavery.
• B) It was a common phrase used by African Americans to describe their frustrations with Reconstruction and belief that life had been better before the war because they had more security.
• C) It was a narrative that described the widespread belief among northerners that Reconstruction had been a waste of time and had resulted in few advances in terms of African American rights.
• D) It was a concept shared among northerners and southerners that whether they liked it or not, their prior way of life would be lost forever as they set aside their differences in favor of an integrated nation.
• E) It was a sanitized version of history in the South that glamorized the old plantation culture and claimed that the Civil War concerned the honorable defense of states' rights rather than slavery.

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Definitions:

Useful Life

The estimated time period a fixed asset is expected to be usefully productive for a business.

Deferred Revenues

Income received by a company for goods or services not yet delivered or rendered, recorded as a liability on the balance sheet until earned.

Adjusting Entry

At the close of an accounting cycle, adjusting entries are recorded in the journal to apportion revenues and expenses to the time frame in which they were truly incurred.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.