Maintaining the Organization's Financial Records Is a Central Purpose of Which

question 84

Multiple Choice

Maintaining the organization's financial records is a central purpose of which main business function?

• A)manufacturing and accounting
• B)finance and accounting
• C)sales and manufacturing
• D)finance and sales
• E)human resources

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Definitions:

Dividends

Money paid out to shareholders by a corporation, usually as a share of profits.

Retained Earnings

Profits that a company keeps or reinvests, rather than distributing to stockholders as dividends.

New Stock

Issuance of additional shares by a company to raise capital, which can dilute existing shareholders' ownership percentage.

New Equity

Capital raised by a company through the issuance of common or preferred stock, increasing the shareholders' equity.