In the Dred Scott Decision, the Supreme Court Ruled That

question 74

Multiple Choice

In the Dred Scott decision, the Supreme Court ruled that

• A) Dred Scott was not a United States citizen.
• B) slaves could acquire freedom only by purchasing it.
• C) residence in free territory made Dred Scott free.
• D) Congress had the power to bar slavery from a territory.

---

Definitions:

Associate Company

A company in which another company owns a significant but not controlling percentage of its voting shares, typically between 20% and 50%.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net assets, representing the company's reputation, customer base, and other non-quantifiable assets.

Net Assets

The total assets of a company minus its total liabilities, representing the shareholders' equity.

Reconciling Item

A financial entry that adjusts discrepancies between two accounts or statements to ensure they balance.