Which One of the Following Is True of the Whig

question 11

Multiple Choice

Which one of the following is true of the Whig Party shortly before the Civil War?

• A)It was replaced by the Populist Party.
• B)It remained competitive in presidential elections well into the twentieth century.
• C)It was replaced by the Democratic Party.
• D)It was replaced by the Republican Party.
• E)It was replaced by the Socialist Workers' Party.

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Definitions:

Entity Concept

An accounting principle that treats a business as a separate entity from its owners for financial reporting purposes.

NCI

Non-Controlling Interest, which refers to the ownership in a subsidiary not held by the parent company, represented in the equity section of the consolidated financial statements.

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.

Partly Owned Subsidiaries

Subsidiaries that are not wholly owned by the parent company, implying the existence of minority or non-controlling interests.