What Factors in Society and the Business Community During the Late

question 88

Essay

What factors in society and the business community during the late nineteenth century that would likely determine an individual's prospects for economic success were not considered in the ideal of the "self-made man"?

---

Definitions:

Cash Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in cash.

Equipment Sold

The process of disposing or selling business equipment, recorded as a transaction that may impact a company’s financial statements.

Prepaid Expense

An expense that has been paid in advance and is recorded as an asset until it is actually incurred.

Accrued Liabilities

Obligations that a company has incurred during a specified accounting period but has not yet paid out, often appearing as current liabilities on the balance sheet.