Match the Term with the Definition

question 61

Multiple Choice

Match the term with the definition.
-President Lincoln's January 1, 1863, declaration that all slaves in Confederate-controlled territory were free. This made the Civil War a war to free slaves, although its limitations-exemptions for loyal border states and Union-occupied areas of the Confederacy-made some ridicule the act.

• A)battle of Antietam
• B)battle of Bull Run (Manassas)
• C)battle of Gettysburg
• D)battle of Shiloh
• E)contraband of war
• F)Emancipation Proclamation
• G)Fort Sumter
• H)King Cotton diplomacy
• I)New York City draft riots
• J)Sherman's March to the Sea
• K)siege of Vicksburg
• L)Union blockade

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Definitions:

Liabilities

The financial obligations or debts a company owes to others.

Owner's Equity

The residual interest in the assets of a entity after deducting liabilities, representing what the owners own outright.

Creditors' Risk

The risk faced by lenders that borrowers may default on their debt obligations, potentially leading to financial losses.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.