Examlex
Stock dividends cause
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from total revenue.
Notes Payable
A written promise to pay a certain amount of money, usually including interest, by a specified date or on demand.
Net Purchases
The total amount of purchases after subtracting returns, allowances, and discounts.
Revolving Credit Agreement
A credit facility allowing a borrower to withdraw, repay, and redraw loans repeatedly up to a certain credit limit.
Q1: Debentures are bonds that secured by equipment.
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