Advanced Technology reported the following on its balance sheet at December 31, 2013:
Definitions:
Dividends Declared
The amount of earnings a company decides to distribute to its shareholders as measured at a specific point in time.
Retained Earnings
The portion of net income that is held back by a company to be reinvested in its operations or to pay down debt, rather than being distributed to shareholders as dividends.
Business Managers
Individuals responsible for overseeing the operational, financial, and strategic management of a company or a specific department.
Operating Activity
Financial activities directly related to the core business operations, including cash flows from selling goods and services.
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