Treasury Stock
Treasury stock refers to a company’s own shares that were issued and later repurchased from shareholders. These shares are held in the company’s treasury and do not receive dividends or voting rights. Treasury stock reduces total shareholders’ equity and is often used for employee compensation or market control.
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Turnover
Turnover refers to the total revenue generated by a business during a given period. In some regions, it’s used interchangeably…
Temporary Account
Temporary accounts track financial activity for a specific period and are closed at period-end. Examples include revenue, expense, and dividend…
Tax Payable
Tax payable is a liability that represents the amount of taxes a business owes to the government but has not…
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