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Figure 1-1 A workbook contains __________, each of which has a name that displays on a sheet tab at the bottom of the workbook, as shown in the accompanying figure.
Cash Dividends
Payments made by a corporation to its shareholders out of the company's current or retained earnings.
Beginning Balance
The amount of money in an account at the start of a new accounting period, carried over from the end of the previous period.
Ending Balance
The final amount in an account at the end of a reporting period after all debits and credits have been accounted for.
Minimum Legal Capital
The least amount of capital that must be raised through the issue of shares for a corporation to be legally established.
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