Examlex
The parallel that is a great circle is the ______________.
Retained Earnings
The portion of net earnings not paid out as dividends but instead reinvested in the company or used to pay off debt.
Deferred Income Taxes
Taxes applicable on income that is recognized in financial statements in one period but is taxable in another period.
Income Taxes Payable
Income taxes payable is a liability account on a company's balance sheet representing the amount of income taxes that the company owes to the government but has not yet paid.
Discount on Bonds Payable
The difference between the face value of a bond and the lower price at which it is sold, representing additional interest expense to the issuer over the bond's life.
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