A Layout Is the Effect That Occurs When One Slide

question 115

Short Answer

A layout is the effect that occurs when one slide leaves the screen and the next slide appears on the screen during a slide show.

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Definitions:

Cumulative Preferred Stock

A type of preferred stock where dividends must be paid, including any arrears, before any dividends can be distributed to common shareholders.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends, used for reinvestment in the business or to pay off debt.

Prior Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in previously issued financial statements.

Treasury Stock

Shares that were issued and subsequently reacquired by the company, reducing the amount of outstanding stock on the open market.