The Civil War Resulted in All of the Following Except

question 29

Multiple Choice

The Civil War resulted in all of the following except  

• A) expanded federal powers of taxation.
• B) the end of nullification and secession.
• C) the creation of the first federal social welfare agency.
• D) the end of slavery.
• E) the end of protective tariffs and isolationism.

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Definitions:

Representational Faithfulness

The quality of financial information that ensures it accurately reflects an entity's transactions and events without error or bias.

Financial Reporting

Generating financial statements that provide insight into an organization's economic status to its overseers, stakeholders, and governmental authorities.

Accounting Period

A specific duration of time used for financial reporting, usually a fiscal year or quarter.

Comprehensive Income

The overall adjustment in equity during a reporting period, apart from dealings with owners, incorporating every unrealized gain and loss.