Examlex
The concept of federal law taking precedence over state or local law is called the preemption doctrine.
Accounts Payable
Liabilities representing amounts owed to creditors for goods and services received but not yet paid for.
Additional Paid-in Capital
The amount of money paid by investors for shares above the par value, typically reflecting the excess over the nominal value of shares issued.
Net Income
The remaining profit for a company after removing taxes and expenses from its total income.
Common Stock
Equity shares issued by a corporation, representing ownership interests and voting rights in the company.
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