Content
Public place where products or services are bought and sold, directly or through intermediaries. This allows a credit for 20 percent of qualified tuition and fees paid by the taxpayer with respect to one or more students for any year that the statement of retained earnings example HOPE SHCOLARSHIP CREDIT is not claimed. SECURITIES borrowed from a broker’s INVENTORY, other MARGIN accounts, or from other brokers, when a customer makes a short sale and the securities must be delivered to the buying customer’s broker.
An actual count of all MERCHANDISE on hand at the end of an accounting period. Personal property includes tangible items such as cash, cars and computers, as well as intangible items, such as royalties, patents and copyrights. Process for arriving at a comprehensive plan to solve an individual’s personal, business, and financial problems and concerns. Process by which an accounting firm’s practice is evaluated for compliance with professional standards. The objective is achieved through the performance of an independent review by one’s peers.
Management
An economic resource that is expected to be of benefit in the future. Probable future economic benefits obtained as a result of past transactions or events. Any owned tangible or intangible object having economic value useful to the owner. Gradual and periodic reduction of any amount, such as the periodic writedown of a BOND premium, the cost of an intangible ASSET or periodic payment Of MORTGAGES or other DEBT.
Organized, national EXCHANGES where securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers. Financial and informational DISCLOSURES required by the SEC in order to comply with certain sections of the Securities Act of 1933 and the Securities and Exchange Act of 1934. Some of the more common filings that publicly owned companies must submit are the FORM 10-K, FORM 10-Q and FORM 8-K. Process of identifying and monitoring business risks in a manner that offers a RISK / RETURN relationship that is acceptable to an entity’s operating philosophy.
IASC
The portion of mixed or semi-variable overhead costs that changes proportionately with some measure of activity or output. Life insurance ANNUITY CONTRACT whose VALUE fluctuates with that of an underlying securities PORTFOLIO or other INDEXof performance. Method of lowering or raising an object’s CURRENT VALUE by adjusting its acquisition cost to reflect its market value by use of a CONTRA ACCOUNT. Resources of a not-for-profit entity that have no restrictions as to use or purpose. A BALANCE sheet ACCOUNT for entering increases or decreases in the value of long-term investments.
- A wash sale occurs if stock or securities are sold at a LOSS and the seller acquires substantially identical stock or SECURITIES 30 days before or after the sale.
- Conveyance of land, buildings, equipment or other ASSETS from one person (LESSOR) to another (LESSEE) for a specific period of time for monetary or other consideration, usually in the form of rent.
- Unexpensed portion of the amount by which the price paid for a SECURITY exceeded its PAR VALUE.
- A trial balance prepared after all adjusting entries have been recorded and posted to the accounts.
Esperto di caffè. Appassionato di bacon. Esploratore sottilmente affascinante. Ninja della birra professionista. Creatore. Scrittore dilettante. Introverso.
