INSTRUCTIONS: PLEASE EXPLAIN IN YOUR OWN WORDS EXPAND, GIVE EXAMPLES TO SUPPORT YOUR ARGUMENTS. HERE IS A LIST OF CORPORATE ACCOUNTING CONCEPTS. DISCUSS AND EXPLAIN THE IMPORTANCE OF EACH TERM AND HOW THE RIGHT UNDERSTANDING OF THESE TERMS WILL HELP CORPORATE ORGANIZATIONS. > DIVIDENDS. > TRANSFERABLE RIGHT. > LIMITED LIABILITY OF SHAREHOLDERS. > RETAINED EARNINGS. > CUMMULATIVE PREFERRED STOCKHOLDERS. > THE BOARD OF DIRECTORS. - EACH OF YOUR ANSWERS SHOULD BE ABOUT TWO PARAGRAPHS LONG