In 1972, the Crime Victim Advocacy Center, Developed in Los

question 48

True/False

In 1972, the Crime Victim Advocacy Center, developed in Los Angeles, CA, became the first victim services organization.

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Definitions:

Dividends

Distribution of profits by a corporation to its shareholders, typically in the form of payments.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the company.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Income Statement

A financial statement that shows a company's revenue, expenses, and profit over a specific time period.