Examlex
In general,state and local taxes tend to be
Debit
An entry on the left side of an account, representing an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.
Increase
An uptick or rise in a statistical value or quantity.
Diluted Earnings Per Share
A metric that shows the quality of a company's earnings per share if all convertible securities were exercised.
Preferred Stock
A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, typically with fixed dividends.
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