Examlex
Which of the following statement about the first L in the SELL sequence is correct?
Ownership Interest
A legal right or stake in property, indicating the owner's claim to control and benefit from it.
Articles of Incorporation
Legal documents filed with a governmental body to legally document the creation of a corporation.
Capital Surplus
Excess amount received by a company over the par value of its stock, representing additional paid-in capital.
Earned Surplus
The portion of a company's net income that is retained for reinvestment, rather than being distributed as dividends to shareholders.
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