Which of the Following Statements About the Role of African

question 10

Multiple Choice

Which of the following statements about the role of African Americans in the Union military is accurate?

• A)For nearly all of the war, African Americans could not join because of the Militia Act.
• B)Lincoln strongly encouraged the participation of freed slaves as soldiers.
• C)African Americans still experienced widespread racism in the Union military.
• D)While they could join the army, African Americans could not join the Union navy.
• E)The Union army recruited African Americans long before the Emancipation Proclamation.

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Definitions:

Fair Value Method

This method involves estimating the price of an asset or liability in an orderly transaction between market participants at the measurement date.

Amortized Cost Method

An accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time, essentially reflecting the cost of the asset over its useful life or payback period.

Equity Method

An accounting technique used by companies to assess the profits earned through their investments in other companies.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not yet been sold.