Examlex
High-level disinfectants are capable of killing all microorganisms including spores.
Net Income
After all costs and taxes are removed from revenues, the company's residual profit.
Treasury Stock
This refers to shares of stock that were issued and later reacquired by the issuing corporation. It is often held to utilize in future acquisitions or to reissue to employees as part of compensation packages.
Par Common Stock
The nominal or face value assigned to a share of common stock by the company's charter.
Prior Period Adjustment
An adjustment made to the financial statements to correct an error found in a period that has already been reported.
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