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_____ 13. Gain representing depreciation recapture on equipment is taxed at ordinary income rates.
Retained Earnings
Earnings accumulated by a company thus far, minus any shareholder dividends or distributions already issued.
Share Price
The current price at which a single share of a company can be bought or sold in the market.
Market Risk
The possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets.
Stock Split
A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of one's holdings remains the same.
Q1: Dylan, Luke, and Hannah form a partnership.
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