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If a customer is dissatisfied, it is often the accountant who hears the complaint.
Dividends Payable
represents a company's obligation to pay its shareholders a declared amount from its earnings.
Liability
A financial obligation or amount owed by a business or individual to others, which must be settled in the future.
Goodwill
An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.
Acquisition
The process by which a company purchases most or all of another company's shares or assets, in order to take control or ownership of that company.
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