Examlex
The amount of preferred stock dividends that must be paid each year may be stated in dollars or as a percentage of the firm's earnings.
Classification
The systematic arrangement of business transactions or accounts into categories for reporting and analysis purposes.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on accounting rules.
Accounts Payable
Liabilities or amounts owed by a business to its suppliers for goods and services received but not yet paid for.
Accounts Payable
Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.
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