What Is the Second Phase of the Records Life Cycle

question 8

Multiple Choice

What is the second phase of the records life cycle?

• A) Creation or receipt of the record
• B) Distribution of the record to people who use the information
• C) Filing and retrieving the record
• D) Disposition of the record

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Definitions:

Paid-In Capital

The total amount of money or value that shareholders have invested in a company through the purchase of its stock.

Retained Earnings

The part of a company's earnings that is reserved or saved, instead of being distributed as dividends to its shareholders.

Par Common Stock

The nominal or face value of a share of common stock, as specified in the corporate charter.

Paid-In Capital

The sum of funds a corporation has obtained from its investors through the sale of stock shares.