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Choose the one alternative that best completes the statement or answers the question.
Solve the equation.
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Treasury Stock
Shares of a company's own stock that it has reacquired from shareholders, not considered a part of the float and not having voting power or dividend rights.
Long-term Debt Contracts
Agreements for borrowing funds that are to be repaid over a period longer than one year.
Weighted-average Shares
A calculation used in financial reporting to compute the average number of shares outstanding during a period, adjusting for any stock splits or dividend issues.
Net Income
The total profit of a company after all expenses, including taxes and operating expenses, have been subtracted from total revenue.
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