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Instructions: Identify the Following

question 2

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Declaratory Act


Definitions:

Continuing Shareholders

Continuing shareholders are individuals or entities that retain their shares in a company through various corporate actions or transactions, maintaining their stake in the company.

Sold

The act of transferring ownership of an asset or security from a seller to a buyer in exchange for money or equivalent.

Retained Earnings

Profits kept by a corporation for reinvestment in its operations, rather than being distributed to shareholders as dividends.

Paid in Excess

The amount paid by investors over the par value of a stock, typically recorded in the additional paid-in capital account on the balance sheet.

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