PURCHASE DISCOUNT Definition

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PURCHASE DISCOUNT is a reduction in the purchase price, allowed if payment is made within a specified period.

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CASH DIVIDEND is the payment of earnings to shareholders.

BEHAVIOURAL ACCOUNTING is the explanation and prediction of human behavior in all possible accounting contexts, e.g., adequacy of disclosure, usefulness of financial statement data, attitudes about corporate reporting practices, materiality judgements, and decision effects of alternative accounting procedures.

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