Which of the Following Best Describes Both Militaries

question 4

Multiple Choice

Which of the following best describes both militaries?

• A)They were mostly volunteers early on.
• B)They were always supplied well.
• C)They were always upper class.
• D)Neither side utilized African Americans.
• E)They were all draftees.

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Definitions:

Accounting Equation

The fundamental principle of accounting that states Assets = Liabilities + Equity, which must always be in balance for accurate financial reporting.

Net Income

Net income is the total profit of a company after all expenses, including taxes and operational costs, are subtracted from its total revenue.

Total Liabilities

The sum of all financial obligations a company has to external parties, including both short-term and long-term debts.

Accounting Equation

The fundamental formula in accounting that states assets equal liabilities plus equity (Assets = Liabilities + Equity).