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As an important part of the positive psychology movement,_____ popularity and importance reflect societal trends valuing the good life and what makes people happy.
Retained Earnings
The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay debt.
Accounting Period
A specific period of time for which financial information is reported, typically a fiscal year or quarter.
Expense Accounts
Accounts in the general ledger representing the various costs incurred by a company in the course of its operations, excluding product cost.
Accrual Method
An accounting technique that records revenues and expenses when they are incurred, regardless of when cash transactions occur.
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