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Companies doing business with the European Union are not required to respect strict EU privacy standards since their systems operate in the United States.
Prior Period Adjustment
Adjustments made to a company's financial statements to correct previously made errors in those statements from earlier periods.
Cumulative Preferred
Refers to preferred stock where dividends accumulate if not paid out, with these unpaid dividends required to be paid out before any dividends can be issued on common stock.
Treasury Stock
Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock.
Income Statements
A financial statement that shows a company's revenues, expenses, and net income over a specific period, summarizing its financial performance.
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