Examlex
The advent of radio not only introduced a major new player to a news industry; it exploited a commons-the airwaves.
Ending Retained Earnings
The amount of net income left over for the business after it has paid out dividends to its shareholders, captured at the close of an accounting period.
Revenues
The total income generated by a business from its normal business operations, including sales of goods and services, before any expenses are deducted.
Expenses
Outflows or using up of assets as a part of operations of a business to generate revenue.
Equity
The ownership interest held by shareholders in a corporation, represented by the residual assets minus liabilities.
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