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A student sitting through a boring class glances over at a friend and rolls his eyes. Erving Goffman would identify this as
Retained Earnings
Retained earnings represent the cumulative amount of net income retained in the company rather than distributed to shareholders as dividends.
Dividends Payable
A financial accounting term referring to the declared dividends to be paid to a corporation's shareholders out of current or retained earnings.
Legal Capital Approach
A method of accounting that maintains capital at a certain legal minimum to protect creditors.
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