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Forests gave way to grasslands and prairies following a general decrease in precipitation 25 million years ago in the midcontinent region of North America.
Common Stock
A type of equity security that represents ownership in a corporation, with rights to share in its profits and vote in major decisions.
Cash
Liquid currency and resources such as bank deposits that a business has immediate access to for transactions and operations.
Prepaid Insurance
Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.
Unearned Revenue
Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.
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