Examlex
Identify and state the historical significance of the following:
-Stamp Act
Retained Earnings
The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.
Capital Stock
The original amount the owners paid into the company plus any additional paid-in capital to purchase stock in the company.
Long-Term Debt
An obligation for debt that is due to be repaid in more than 12 months.
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