CORPORATION Definition

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CORPORATION is a type of business organization chartered by a state and given many of the legal rights as a separate entity.

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STATEMENT OF RETAINED EARNINGS is one of the four basic financial statements; the Statement of Retained Earnings is a reconciliation of the Retained Earnings account. Information such as dividends or announced income is provided in the statement. The Statement of Retained Earnings provides information about what a companys management is doing with the companys earnings.

EARNING CAPACITY is the net average earnings at a given moment in time: past, current or future.

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