Retained earnings - he amount of profit kept in the business after dividends are paid., Meet obligations - The ability to fulfill financial or legal requirements., Financial statement - An official report showing a company’s financial activities., Asset purchase - The purchase of facilities, vehicles, equipment, stock, and inventory to enhance operations., Cost-benefit analysis (CBA) - Making decisions based on a comparison of costs and benefits., Vested interest - a strong personal interest in something because you could get an advantage from it, Accounting standards - authoritative standards for financial reporting, Tax avoidance - use of legal methods to minimize the amount of income tax owed by an individual or a business, External users - Individuals or groups outside the company who use financial or any other kind of information.,

ECON 101.1

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