NET SALES Definition

NET SALES is gross sales less discounts, allowances, sales returns, freight out, etc.

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INVESTMENT CAPITAL is capital realized from issuance of long term debt, common shares, or preferred shares.

DIVIDEND DATE: The payment date remains the same over the life of the issue, but the board of directors must approve or declare each individual payment. On the date that a board declares a dividend, it also sets a record date and ex-dividend (without dividend) date.

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