Systems Design Means Completing a Vague Specification of How a Computer

question 8

True/False

Systems design means completing a vague specification of how a computer system will be implemented.

---

Definitions:

Stock Dividends

Distribution of additional shares of the company's stock to shareholders instead of cash dividends.

Retained Earnings

The cumulative amount of net income left over for a company after it has paid out dividends to its shareholders, often reinvested into the company.

Prior Period Adjustments

Corrections of errors in financial statements of previous periods or adjustments for changes in accounting policies, presented in the current period's equity section.

Retained Earnings Statement

A financial statement that outlines the changes in retained earnings for a specific period.