Examlex
All of the following are true statements about dividends except
360-Day Year
A financial convention or simplification to treat all months as 30 days in duration for the ease of interest calculations and financial analysis.
Commission
A fee or percentage of a sale paid to an employee or agent for facilitating or completing a sale.
Semiannually
Happening semiannually; every six months.
360-Day Year
An accounting concept that simplifies interest calculations by using thirty-day months across a full year.
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