Examlex
A statement of cash flows explains the differences between the beginning and ending balances of:
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.
MBCA
Model Business Corporation Act, a recommendation for state law on corporations, providing a template for corporate governance and operations.
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