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What Does Validity Refer to in Assessments

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What does validity refer to in assessments?


Definitions:

Par Common Stock

This is a classification of common stock that has a nominal value assigned in the corporate charter and is used in the accounting records.

Shares

Units of ownership in a company or financial asset.

Retained Earnings

The portion of a business's profits not distributed to shareholders, instead being reinvested in the business or used to pay off debt.

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

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