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Which of the Following Should Not Be Reported on the Balance

question 27

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Which of the following should not be reported on the balance sheet of the General Fund?


Definitions:

Dividend

A portion of a company's earnings distributed to its shareholders, usually periodically.

Preferred Stock

A type of stock that provides dividends before common stock and has priority over common stock in the event of liquidation.

Annual Dividend

The total amount of dividends a company pays out to its shareholders in one fiscal year.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument as stated by the issuer.

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