In 1938,President Franklin D

question 14

Multiple Choice

In 1938,President Franklin D.Roosevelt signed the Fair Labor Standards Act which established a __________workweek.

• A)35 hour
• B)38 hour
• C)44 hour
• D)48 hour

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Definitions:

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the corporation's profits and assets.

Excess Of Par

The amount by which the sale price of a share of stock exceeds its par value, often recorded as additional paid-in capital on the balance sheet.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.