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_______ exist between different physical locations,countries or regions of the world and between cultures.
Payable
Short-term financial obligations or debts of a company, typically to suppliers, that are due to be paid within one year.
Cash Dividend
A payment made by a company out of its profits to shareholders, usually in the form of cash.
Dividends Payable
A liability on a company's balance sheet representing the amount of declared dividends that are owed to shareholders but not yet paid.
Retained Earnings
The portion of net income that is retained by the corporation rather than distributed to its owners as dividends.
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