Examlex
If a group member wants to keep voting on an issue until his or her choice is selected, the member is performing a self-centered function.
Depreciation Expense
Methodically dispersing the cost of a physical asset over its serviceable lifetime.
Dividends
Distribution of a portion of a company's earnings, decided by the board, to a class of its shareholders.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, closing out the period.
Retained Earnings
Profits that a company has earned to date, less any dividends or other distributions to shareholders, reinvested in the business or kept as reserve.
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