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What is the significance of Old St.Peter's?
Retained Earnings
Accumulated profits of a company that are not distributed to shareholders as dividends but are reinvested in the business or held as reserves.
Retained Earnings Account
An equity account that represents the accumulated profits of a company that have not been distributed to shareholders as dividends.
Income Statement Account
An income statement account is a financial account that reflects income, expenses, gains, and losses over a period, used to calculate net income.
Stock Dividend
A distribution of additional shares of a company to its shareholders instead of paying cash dividends, often used to conserve cash while still rewarding investors.
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