A class of corporation stock that provides for preferential treatment of dividends: these stockholders will be paid dividends before the common stockholders receive dividends (two words)
It is a long-term (or noncurrent) asset categorized as an intangible asset. It arises when a company acquires another entire business, the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.
The U.S. government agency which has regulatory power over the U.S. stock exchanges and the reporting requirements of the corporations whose stock is traded on those stock exchanges.
A cost flow assumption where the oldest costs are assumed to flow out first. This means the recent costs remain on hand.
A payment. Might be for a significant long term asset, a short term asset (prepaid insurance), a reduction in a liability, or for an immediate expense such as rent.
A detailed financial plan.
Usually a person without a four-year or five-year accounting degree employed to record routine financial transactions for smaller companies
A listing of the accounts available in the accounting system in which to record entries. (three words)
In accounting this means to delay certain revenues or expenses on the income statement until a later, more appropriate time
The term associated with payroll deductions from an employee's gross wages or gross salary.
Owner of one or more shares of a corporation's capital stock.
A legal entity organized under state laws that is considered separate from its owners. Ownership is evidenced by shares of stock.
A liability account in a bank's general ledger that indicates the amounts owed to bank customers for the balances in the customers' individual checking, savings, and certificate of deposit accounts.
The compensation usually associated with executives, managers, professionals, office employees, etc. whose pay is stated on an annual or on a monthly basis.
A series of equal amounts at equal time intervals.
This is the period of time that it will be economically feasible to use an asset. It is used in computing depreciation on an asset. (two words)
The amount of money taken by a business in a particular period
Difference between the value of the assets and the value of the liabilities of something owned