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Michael Chang buys only tennis rackets during a particular year.During the year in question,the price of all goods rises by 10 percent on average,but the price of tennis rackets remains the same.Which statement is correct?
Bonus Dividends
Additional dividends paid to shareholders, above regular dividends, typically issued in the form of extra shares.
Revaluation
An adjustment of the carrying value of an asset or liability to its current fair value.
Consolidated Statement
A financial statement that presents the financial position and results of operations of a parent and its subsidiaries as if they were a single economic entity.
General Reserve
Funds set aside by a company from its profits for general unspecified future needs or to strengthen the company's financial position.
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