Instructions : Choose the Word or Phrase in [ ]

question 30

Short Answer

Instructions : Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
[ Vacations | Education ] would be considered a necessity of life.

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Definitions:

Income Statement

A report detailing a business's income and outgoings within a set timeframe, resulting in either a net gain or deficit.

Recognized

Accounting term referring to the formal acknowledgment in financial statements of income earned or expenses incurred.

Dividend Yield

The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

Par Value

The face value of a bond or the stock value stated in the corporate charter.