Examlex
What is the effect of a partnership agreement with a term making it clear that each partner will only be responsible for 1/3 of the debts and obligations?
Accounts Payable
This is the amount of money that a company owes to its suppliers or creditors as a result of purchasing goods or services on credit.
Retention Ratio
The segment of net earnings kept by a corporation instead of being paid out to its shareholders in the form of dividends.
Net Income
It represents the total earnings of a company after subtracting all expenses, taxes, and losses from the total revenue.
Cash Dividends
Payments made by a company out of its earnings to its shareholders, typically in the form of cash, representing a portion of the company's profits.
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