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That effort stood in stark contrast with what he argued on the eve of the war. The selection here comes from what historians call Stephens's "Corner-Stone" speech. His speech provided a description of the constitution for the newly created Confederate States of America, but our interest rests in what he believed to be the foundation (or "corner-stone") of the new government. As you read this selection, keep the following questions in mind.
Discussion 1: What did Stephens claim to be the corner-stone of the Confederacy?
Discussion 2: What was the truth (so-called) that the Confederate Constitution acknowledge that the framers of the original constitution had missed?
Discussion 3: Finally ask yourself, does Stephens's description of the original constitution square with depictions made by other documents.
So what is the effect of a bargain purchase option on accounting for a capital-lease transaction by a lessee?
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