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_____________ Represents Funds Set Aside for Contingencies,such as Legal Action

question 12

Short Answer

_____________ represents funds set aside for contingencies,such as legal action against the institution,as well as providing a reserve for dividends expected to be paid but not yet declared,and a sinking fund to retire stock or debt in the future.

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Definitions:

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Royalties paid by contract to actors when their filmed work is aired on television or digital medium or when their television work is rerun or shown in syndication.

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