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The "back of the house" is usually run by the
Dividend Payment
A dividend payment is a distribution of a portion of a company's earnings to its shareholders, typically made in cash or additional stock.
Journal Entry
The accounting method for expressing the effects of a transaction on accounts in a debits-equal-credits format.
Noncumulative
Noncumulative refers to dividends on preferred stock that, if not declared or paid in a given period, do not accumulate and are not owed to shareholders in future periods.
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