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Cognitive psychologist Lera Boroditsky has reported that aboriginal children from Cape York, Australia, can accurately point to any compass direction as early as age five, while most Americans cannot do this even as adults. Boroditsky believes this is due to the exclusive use of absolute directional references within the language spoken by the aboriginals of Cape York as opposed to the relative directional references used in the English language, which lends support to the
Stock Issuance
The process of making new shares available for sale by a company, often to raise capital.
Credit To
An accounting entry that increases the balance of liabilities, equity, or revenue accounts, or decreases the balance of assets or expense accounts.
Authorized Stock
Authorized Stock refers to the maximum number of shares a corporation is legally allowed to issue, as specified in its articles of incorporation.
Formal Accounting Entry
A documented record in accounting that notes all the details of a financial transaction within an organization’s financial system.
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