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Explain what centralization and decentralization of authority mean.Would you rather be a manager in a centralized or a decentralized organization? Why?
Debit Balances
Amounts owed in an account, typically representing assets or expenses, that indicate the total charges or costs.
Net Income
The sum a company retains as profit after removing costs, expenses, and taxes from its total income.
Retained Earnings
The portion of a company's profits that is kept or retained within the business instead of being paid out to shareholders as dividends.
Stockholders' Equity
The stake in a company's assets left over after all debts have been cleared, frequently called shareholders' equity.
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