Please Define the Following Key Terms

question 65

Short Answer

Please define the following key terms.
-Tony Blair and Gordon Brown

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Definitions:

Common Stock

Equity ownership in a corporation, representing a share in its assets and earnings.

Dividends

Money disbursed to shareholders from a firm's profits as a profit share.

Salaries Expense

An account that records the total amount paid to employees for services performed during a specific period, excluding wages paid hourly.

Notes Payable

A formal written agreement to pay a specific amount of money on a certain date or upon demand to another party.