The Eighteenth Amendment, Having the Dubious Distinction of Being the Only

question 17

Multiple Choice

The Eighteenth Amendment, having the dubious distinction of being the only constitutional amendment designed to deal directly with some substantive social problem and the only amendment to have been repealed, addressed the issue of

• A)slavery.
• B)the income tax.
• C)prohibition of alcohol.
• D)poll taxes.

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Definitions:

Stockholder

An individual or entity that owns shares in a corporation, giving them ownership interest.

Dividends Account

An account used in bookkeeping that records the dividends paid out to shareholders from a corporation's earnings.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Transfer of Assets

The act of moving ownership of assets from one party to another, which could involve selling, gifting, or exchanging.