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Which of the following is the second tier in the three-tier architecture arrangement?
Voting Shares
Shares that give the shareholder the right to vote on company matters, such as electing directors or approving acquisitions, indicating a degree of control in the company.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders.
Carrying Amount
The book value of assets and liabilities as reported in the financial statements, factoring in depreciation, amortization, and impairment.
Voting Shares
Shares that give the shareholder the right to vote on matters of corporate policy and the selection of board members.
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