CREDIT CARD Definition

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CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

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TAX PAYABLE METHOD is where the tax expense is equal to the provision for taxes payable in a particular period and deferred income tax is not recognized.

STOCK DIVIDEND is a dividend paid in stock rather than in cash. The additional shares can be in the form of a stock split, additional shares of the issuing company, or of a subsidiary.

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