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Southerners defended their withdrawal from the Union by asserting that the leaders of the American Revolution were also secessionists.
Statement of Owner's Equity
A financial statement that shows changes in the equity of a company's owner(s) over a period, including investments, withdrawals, and the company's net income or loss.
Accumulated Depreciation
Full amount of depreciation expenses that have been attributed to a fixed asset since it was deployed.
Financial Statements
Reports that summarize the financial performance and health of a business including balance sheet, income statement, and cash flow statement.
Balance Sheet
A summary record that outlines a firm's assets, liabilities, and equity held by shareholders at a specific timeframe, showing its financial status.
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