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An Explanation for Why Something Occurred Is Called A(n)

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An explanation for why something occurred is called a(n)


Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Authorization

The official permission or power to do something, often formally granted by a higher authority.

Consent

Voluntary agreement or permission for something to happen or agreement to do something.

Earned Surplus Test

A financial measurement to assess a company's ability to pay dividends based on its accumulated, undistributed profits.

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