Examlex
Which of the below is correct in terms of granularity?
Dividends Payable
A liability account in a company's balance sheet indicating the amount in dividends that the company owes to its shareholders but has not yet paid out.
Operating Expenses
Expenses incurred from a company's operational activities, excluding the cost of goods sold, taxes, and interest expenses.
Dividends Declared
Profits that a company's board of directors has decided to distribute to shareholders in the form of dividends.
Income Tax Expense
The cost of income taxes a company incurs, reflecting the tax charged on its taxable income for a given period.
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