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The board of directors of Wessex Inc. declared a cash dividend on November 15, 2012, to be paid on December 15, 2012, to shareholders owning shares on November 30, 2012. Given these facts, the date of November 30, 2012, is referred to as the
Fixed Assets
Tangible assets purchased for long-term use in the operation of a business, not expected to be converted quickly into cash.
Long-term Debt
Financial obligations of a company payable over a period exceeding twelve months, often used for major investments or acquisitions.
Short-term Debt
Financial obligations that are due for repayment within one year, often used to finance immediate operational needs.
Provincial Tax Rates
The percentage of tax levied by provincial or state governments on income, property, and purchases within their jurisdiction.
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