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Many college campuses use student ID cards as a way for students to pay for on-campus expenses, such as books, photocopies, and food. For convenience, some students will maintain a balance on their ID cards. Are these balances a means of payment? Are they a store of value? Explain why or why not.
Common Shares
Equity securities that represent ownership in a company, providing voting rights and potential dividends to shareholders.
Net Income
Net income is the total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's financial performance over a specific period.
Retained Earnings
The portion of net income that is not distributed to shareholders but is kept by the company to reinvest in its core business or to pay debt.
Net Income
The sum a company holds onto after subtracting expenses and taxes from the total revenue earned.
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