Examlex
The final step in job analysis involves
Retained Earnings
The cumulative amount of net income earned by a company that is retained and not distributed to shareholders as dividends.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.
Net Income
The remaining earnings of a corporation after deducting all operating costs and tax obligations from its revenue.
Dividends Declared
The action by a company's board of directors to distribute a specified amount of the company’s earnings to its shareholders.
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