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The retirement of a majority shareholder brings about the termination of the corporation.
Depreciation Expenses
Depreciation expenses refer to the systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the tax impact on their next dollar of income.
Investing Activities
Transactions involving the purchase and sale of long-term assets and other investments, not related to the entity's daily business operations.
Financing Activities
Transactions and events that affect long-term liabilities and equity of a company, reflected in the cash flows from financing section of the cash flow statement.
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