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Lemuel Shattuck's proposals set forth in the Report of the Sanitary Conditions of Massachusetts:
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's profits or losses.
Voting Common Stock
Shares that give the shareholder voting rights in a corporation's decisions, typically in proportion to the number of shares held.
Preferred Stock
Ownership in a company granting superior rights to assets and profits compared to common stock, usually accompanied by steady dividend payments.
Net Income
The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.
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