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Prepaid Expenses
Costs paid for in advance of receiving the benefit of the service or product, such as insurance premiums or rent, which are recorded as assets until used.
Income Taxes Payable
The amount of income taxes a company or individual owes to the government, which has not yet been paid.
Statement Of Cash Flows
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
Cash Dividends
Payments made by a corporation to its shareholder members as a distribution of profits.
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