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In Diversity Competency: According to Jared Larrabee of Deloitte Consulting, Gen Y'ers are tech-savvy, team oriented, and multitaskers.
Common Stock
A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.
Initial Value Method
An accounting approach where investments are reported at their acquisition cost without subsequent adjustment for changes in market value.
Goodwill
An intangible asset on a company's balance sheet that arises when a company acquires another for a price higher than the fair value of its net tangible assets.
Retained Earnings
The portion of net income that is not distributed as dividends to shareholders, but rather reinvested in the business or kept as reserve.
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