Examlex
____________________ is a thin layer of dark gray or black iron oxide formed during the rolling process.
Authorized Shares
The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and stockholders' equity at a specific point in time.
Stock Split
An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of the shares remains the same.
Retained Earnings
Cumulative earnings of a company that are not distributed to the owners and are reinvested in the business.
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