Initially, What Method Did Both the North and the South

question 29

Multiple Choice

Initially, what method did both the North and the South use to raise their armies?

• A) National conscription
• B) Calling up state militias
• C) Local rallies to sign up volunteers
• D) Raising the pay of officers
• E) None of these choices

---

Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, used to reduce the asset's book value over time.

Intangible Assets

Non-physical assets that provide economic benefits to a company, such as patents, trademarks, goodwill, and copyrights.

Issuance of Bond

The process through which a bond is created and sold to investors, thus raising capital for the issuer.

Financing Activities

Transactions that result in changes to the size and composition of the equity capital or borrowings of an entity.