When Is a Fan Shroud Required

question 27

Essay

When is a fan shroud required?

---

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.