Under the ________ System of Inmate Labor,private Contractors Were Eliminated

question 38

Short Answer

Under the ________ system of inmate labor,private contractors were eliminated and industries were entirely prison-owned and managed by prison authorities.

---

Definitions:

Cumulative Net Income

The total amount of net income earned by a company over a specified period, typically since its inception.

Dividends Declared

The announcement by a company's board of directors of the issuance of dividends to shareholders.

Accounting Estimates

Assumptions made about future financial transactions that impact the reporting of a company's financial statements, such as allowances for doubtful accounts.

Cumulative Adjustment

An accounting method used to make corrections to cumulative errors in financial statements of previous years.