List and Describe Briefly the Reasons Why the North Won

question 60

Essay

List and describe briefly the reasons why the North won the Civil War. What were the North's strengths and advantages?

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Definitions:

Gain

A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate the cash from operating activities.

Depreciation Expense

Depreciation Expense is an accounting method used to allocate the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over a specific period.

Amortization

The process of gradually writing off the initial cost of an asset over a period, often referring to intangible assets.