Amounts in the Special Columns of the Combination Journal Are

question 2

True/False

Amounts in the special columns of the combination journal are posted individually.

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Definitions:

Voting Stock

Shares that give the shareholder the right to vote on corporate matters, typically regarding the election of the board of directors.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.

Cash Dividend

A distribution of a company's profits paid to shareholders in the form of cash.