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Messages - accountingbyte

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Development & Discussion / What is the value of a 1942 Wheat penny?
« on: March 04, 2025, 12:37:25 PM »
The collectability value of 1942 Wheat Penny Value depends on their mint mark status and condition and can cost from several cents up to multiple dollars. Circulated pennies cost between 3 to 10 cents but uncirculated coins in grade MS65 or higher command prices starting at $10 and above. The worth of coins rises dramatically if they show particular errors like repunched mint marks or doubled dies. Library collectors actively search for 1942 pennies because they are famous components of the Lincoln Wheat cent series.

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Development & Discussion / Re: [Progress - 18th Feb] Cry(Engine) No More
« on: January 10, 2025, 12:23:34 PM »
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Development & Discussion / What are retained earnings?
« on: January 03, 2025, 12:40:44 PM »
Reserves can be define as accumulated net income of the company that has been kept intact and not distributed as dividends. These retained earnings are used later in the business for such things as expansion, to pay off debt, and other uses. Some of a company’s equity is shown on the balance sheet called retained earnings which is computed by adding the current net income to the retained earnings recorded in the previous period minus any dividends given out. This figure is crucial to identify as it reveals how many bucks businesses poured back into their operations to fuel expansion instead of rewarding investors.

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