Discussion Post: Principles of Accounting
• Identify characteristics of corporations and their organization
• Explain characteristics of, and distribute dividens between common and preferred stock.
• Explain the items reported in retained earnings.
o The organization takes care of all the corporations problems. The corporation is the who company.
o The common stock is when a corporation only have one class of stock. The preferred stock gives the corporation control over the common stock.
o The retained earnings show the net income of the company that is not to be given to it's stockholders.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.