Which of the Following Was NOT a Reason That Many

question 23

Multiple Choice

Which of the following was NOT a reason that many states in the Upper South resisted secession?

• A)Slaveholders made up a smaller percentage in those states.
• B)They worried that their property would be less safe if the nation split in two.
• C)Federal fugitive slave laws would be more effective.
• D)Their economies would be adversely affected by secession.

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its transactions, used in its financial reporting.

Professional Judgment

The application of relevant training, knowledge, and experience in making informed decisions or opinions in a professional setting.

Straight-Line Basis

A method of calculating depreciation and amortization that allocates an equal amount of the asset's cost to each year of its useful life.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, used in its financial reporting.