In Approximately Two of Every Three U

question 49

True/False

In approximately two of every three U.S.jobs,the worker's continued employment depends almost entirely on the continued goodwill of his or her employer.

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Definitions:

Noncontrolling Interest

The portion of equity in a subsidiary not directly or indirectly owned by the parent company.

Cash Dividends

Dividends paid in the form of cash to a company's shareholders from its current or accumulated earnings.

Additional Paid-In Capital

The amount of money that shareholders have paid in excess of the par value of the shares, representing a source of non-debt based capital for the company.

Goodwill

A non-physical asset created when acquiring a business at a cost higher than the fair value of its identifiable net assets.