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In what ways did oil give power to the former colonies of the West?
Interest Receivable
An accounting term referring to the interest income that has been earned but not yet received in cash.
Interest Revenue
Income earned from lending funds or investing in interest-bearing financial assets.
Retained Earnings
The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, used for reinvestment in the business, to pay debt, or to buy back shares.
Ending Inventory
Represents the value of goods available for sale at the close of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.
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