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Dividends Declared
Profits that a company's board of directors has decided to distribute to its shareholders, typically in the form of cash payments or additional shares.
Cash Account
A financial account that records cash transactions, both receipts and disbursements, within a business.
Retained Earnings
The portion of net income that is not distributed to shareholders as dividends but is kept by the company to reinvest in its core business or to pay debt.
Liability Account
An accounting record that captures the amounts a company owes to creditors.
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