Identify and State the Historical Significance of the Following

question 18

Short Answer

Identify and state the historical significance of the following:
-Ferdinand Magellan

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Definitions:

Authorized

Officially approved or permitted, often used in the context of legal or corporate permissions.

Issued

refers to securities, stocks, or bonds that have been officially released or sold by a company to investors.

Retained Earnings

Refers to the portion of net income left over for the business after it has paid out dividends to its shareholders.

Surplus Cash

Excess funds that a company has after covering all its operational expenses, investments, and financial obligations.