Examlex
Which of the following descriptions of the contagion effect is most accurate?
Dividends
Payments made by a corporation to its shareholder members, usually as a distribution of profits.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, revealing profit or loss.
Retained Earnings
Retained earnings are the portion of a company’s profits that is kept or retained rather than being paid out as dividends to shareholders or reinvested into the business.
Closing Entries
Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.
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