When It Was Issued in 1863, the Emancipation Proclamation Declared

question 10

Multiple Choice

When it was issued in 1863, the Emancipation Proclamation declared free only those slaves in

• A) the Border States.
• B) slave states that remained loyal to the Union.
• C) United States territories.
• D) Confederate states still in rebellion against the United States.
• E) specific conquered areas in the South controlled by the Union army.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Paid-in Capital

The amount of money that shareholders have invested in a company in exchange for ownership, excluding earnings or retained profits.

Retained Earnings Appropriation

Portions of retained earnings that are set aside for specific purposes, such as future expansion or debt repayment, indicating they are not available for dividend distribution.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.