Examlex
The Hogan's,a family restaurant,uses a system of points to manage the behavior of the wait staff.Each member of the wait staff has a running total of points that can be added to or subtracted from based on their behaviors.When an employee reaches 200 points,a bonus is received.If points ever become negative,employees are reprimanded or even fired.For the employees at The Hogan's,points would be best characterized as:
Noncumulative
A term often referring to certain preferred stock dividends that do not accumulate if unpaid, meaning if a dividend is skipped, it is not owed in the future.
Nonparticipating
A term often related to insurance policies or preferred stocks that do not have the right to share in additional earnings or dividends beyond a specified amount.
Journal Entries
Journal entries are the method of recording all the financial transactions of a business in the accounting system, as part of the double-entry bookkeeping system.
Treasury Stock
Shares of a company's own stock held by the company itself, acquired through buybacks.
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