________ Refer(s)to Intermediaries That Sell Products to Other Intermediaries for Resale

question 23

Multiple Choice

________ refer(s) to intermediaries that sell products to other intermediaries for resale or to organizations for internal use.

• A) Retailers
• B) Wholesalers
• C) Department store
• D) Specialty store
• E) Convenience store

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Definitions:

Retained Earnings

The portion of a company's net income that is held or retained for reinvestment in the business or to pay debt, rather than being paid out as dividends.

Stock Dividend

A stock dividend is a payment made by a corporation to its shareholders in the form of additional shares, rather than paying dividends in cash, indicating investment back into the company.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.

Dividends Payable

A liability indicating the amount of dividends that a company has declared to pay out to its shareholders but has not yet paid.