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Common Stock
A type of security that represents ownership in a corporation, where shareholders are entitled to a portion of the company's profits through dividends and voting rights on corporate matters.
Asset Test
A liquidity ratio, also known as the quick ratio, measuring a company's ability to meet its short-term obligations with its most liquid assets.
Reportable
Pertains to information or data that must be disclosed or submitted to a governing body or authority according to regulations.
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