Examlex
George and Erin are divorced, and George is required to pay Erin $20,000 of alimony each year. George earns $75,000 a year. Erin is required to include the alimony payments in gross income although George earned the income.
Retained Earnings
The portion of a company's profits not distributed as dividends to its shareholders but kept in the company to reinvest in its core business or to pay debt.
Equity Section
The portion of a company's balance sheet that represents the owners' claims to the assets after all liabilities have been deducted.
Treasury Stock
Shares of a company's own stock that it has reacquired from shareholders and holds in its treasury.
Paid-In Capital
Refers to the amount of money that a company's shareholders have invested through the purchase of shares.
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