WHAT IS MISUSE OF ASSETS?

Misappropriation of assets involves the actual theft of an entity's assets. This can be accomplished by common theft or the following. Causing an organization to pay for goods and services not actually received (for example fictitious vendors or employees). Using an organization's assets for personal use.

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explanation:

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answer: in july 1862

explanation: during the american civil war, president abraham lincoln and congress passed the revenue act of 1862, creating the office of commissioner of internal revenue and enacting a temporary income tax to pay war expenses. the revenue act of 1862 was passed as an emergency and temporary war-time tax.