Although Texaco Sold Its Operations and Left Ecuador in 1992

question 213

True/False

Although Texaco sold its operations and left Ecuador in 1992, its oil wastes continue to leak into the environment from open pits.

---

Definitions:

Dividends Paid

The portion of a company's earnings distributed to shareholders as a payment.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, also known as net earnings or net profit.

Available-For-Sale Securities

These are debt or equity securities purchased with the intent of selling before they reach maturity, but are not actively traded, and are recorded at fair market value on the balance sheet.

Fair Value

Fair value is the estimated market price of an asset or liability, reflecting the amount for which it could be exchanged or settled in a transaction between knowledgeable, willing parties under no compulsion.