What Is the War Powers Resolution of 1973? Why Was

question 20

Essay

What is the War Powers Resolution of 1973? Why was it passed and is it effective legislation? Explain.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate and must be paid out before any dividends can be issued to common stockholders.

Basic Earnings Per Share

A measure of a company's profitability that is calculated by dividing net income by the average number of common shares outstanding during a period.

Stockholders' Equity Disclosures

Information provided to shareholders about the equity portion of the balance sheet, detailing components like common stock and retained earnings.

GAAP

Generally Accepted Accounting Principles (GAAP) are a collection of commonly-followed accounting rules and standards for financial reporting and auditing in the U.S.