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Extension at the knee involves ________.
Retained Earnings
The amount of net income left over for the business after it has paid out dividends to its shareholders.
Dividend Expense
Typically, this is a misnomer as dividends are not expensed but are distributions of earnings to shareholders from the retained earnings of a company.
Financial Statements
Reports generated by a business to showcase its financial performance, position, and cash flows, typically including the balance sheet, income statement, and statement of cash flows.
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