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Jamal Has Been a Part of a Mentoring Program in His

question 10

Multiple Choice

Jamal has been a part of a mentoring program in his community that encourages job shadowing with many different adults and careers. He has developed an interest in restaurant management after learning more about it with Mr. Hernandez. In fact, they have become quite close. Jamal has also been able to develop a much more positive outlook on his life and realize that he controls his own destiny. When he talks to his mother about his plans, she is supportive and encouraging. Jamal has strengthened his ______.

Understand the concept of earnings per share and how it is calculated.

Distinguish between authorized, issued, and outstanding shares of stock.

Grasp the impact of declaring and paying cash dividends on a company's liabilities and stockholders' equity.

Understand the importance of proper moving techniques to prevent injury and complications in bedridden patients.

Definitions:

GAAP

Generally Accepted Accounting Principles; a collection of commonly followed accounting rules and standards for financial reporting.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Financial Statements

Records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Financial Position

An overview of a company's financial situation, encompassing its assets, liabilities, and equity at a specific point in time.