(See Figure 6.10) - in This Image, #6 and #7 Together Are Known as #7

question 114

Short Answer

(see Figure 6.10)

- In this image, #6 and #7 together are known as _____. They send information to _________ (#4), which, in turn, sends information to ___________ (#2).

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Definitions:

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.

Retained Earnings

The part of net earnings a corporation keeps instead of paying out to its shareholders in the form of dividends.

Noncumulative

A term often used to describe preferred stocks or dividends that do not accumulate if they are unpaid or not declared.

Nonparticipating

Describing a type of insurance policy or preferred stock where the holder is not entitled to share in the company's profits beyond a specified amount.