Examlex
What is the Latin system name for Cu2+?
Dividends
Disbursements issued by a company to its shareholders, usually sourced from the organization's earnings.
Income Summary
A temporary account used to transfer the revenues and expenses for an accounting period to the Retained Earnings account.
Retained Earnings
The total earnings of a company so far, minus any dividends or distributions given out to shareholders.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the books for the next period.
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