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Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Battle of Sadowa
Retained Earnings
The portion of a company's profits that is saved or retained and not distributed among shareholders as dividends, often reinvested in business operations.
Footnote
A footnote in financial statements is an additional note provided at the bottom of a financial document, offering further explanation or disclosure about the figures presented.
Prior Period Adjustments
Adjustments made to correct errors in previously issued financial statements.
Net Income
The total earnings of a company after subtracting all expenses and taxes from total revenue, indicating profitability.
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