Examlex
A strategic business unit (SBU) within a larger firm is usually treated as a separate profit center.
Common Stock
Equity ownership in a corporation, representing a share in its assets and earnings.
Dividends
Money disbursed to shareholders from a firm's profits as a profit share.
Salaries Expense
An account that records the total amount paid to employees for services performed during a specific period, excluding wages paid hourly.
Notes Payable
A formal written agreement to pay a specific amount of money on a certain date or upon demand to another party.
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