Examlex
Researchers reported that college students who listened to a Mozart sonata for a few minutes just before taking a test of spatial reasoning abilities did better on the test than students who took the test after listening to relaxation instructions or sitting in silence. The gain in performance, widely publicized as the "Mozart effect,"
Retained Earnings
The amount of net profit remaining for the company after distributing dividends to its stockholders.
Note Payable
A written promise to pay a specified amount of money, along with interest, by a certain date.
Interest Expense
The cost incurred by an entity for borrowed funds, recognized in the income statement.
Income Statement
A financial report that shows the revenue, expenses, and profit or loss of a business over a specific period of time.
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