Why Did Southern Slaves Live in Better Conditions by the Mid-Nineteenth

question 23

Multiple Choice

Why did southern slaves live in better conditions by the mid-nineteenth century than those in the Caribbean and South America?

• A) They did not; slaves led vastly healthier lives in regions other than the American South.
• B) Southern Protestant churches encouraged better treatment of southern slaves than the Roman Catholic Church did with slaves in the Caribbean and South America.
• C) The rising value of slaves made it profitable for slaveowners to take better care of them.
• D) Laws in the South were far more protective of slaves than were laws concerning slaves elsewhere.
• E) Southern slaves had a greater likelihood of becoming free than did other New World slaves.

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Definitions:

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs associated with its sale or disposal.

Direct Write-off Method

A method for handling bad debts by writing off specific uncollectible accounts receivable when they are deemed unrecoverable, impacting the income statement.

Matching Principle

An accounting principle that states expenses should be recorded during the period in which they are incurred, matched with the revenues they generate.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported to reflect the amount that is expected to be uncollectible.