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Which System Was Created at the End of the 12th

question 33

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Which system was created at the end of the 12th century to make sure the interests of the Crown were upheld?


Definitions:

Total Tax

The combined amount of all taxes owed by an individual or corporation in a given year, including federal, state, and local taxes.

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained within the business for reinvestment or to pay debt, rather than being distributed to shareholders as dividends.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Dividends

Regular payments made by a corporation to its shareholders out of its profits or reserves.

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