Examlex
Katelyn is writing a letter to thank a potential employer for her job interview. Which of these sentences contains modern expressions Katelyn should use?
Retained Earnings
The portion of a company's profit that is held back and not distributed to shareholders as dividends, usually used for reinvestment in the business or to pay off debt.
Depreciation Expense
Spreading out the price of a tangible resource over the period it remains useful.
Common Stockholders' Equity
The portion of a company's equity that is attributable to common stock owners, reflecting their residual interest in the company's assets after liabilities are deducted.
Net Income
The amount of profit a company holds onto after all expenditures and taxes have been taken out of its revenue.
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