Term
| Additional Paid-In Capital (Paid-In Capital, Contributed Capital in Excess of Par) |
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Definition
- is the amount of contributed capital less the par value of the stock.
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Term
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Definition
- elected by the stockholders to represent their interests, is responsible for maintaining the integrity of the company ’s financial reports.
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Term
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Definition
- allows comparisons across businesses because similar accounting methods have been applied.
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Term
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Definition
- can be compared over time because similar accounting methods have been applied.
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Term
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Definition
- refers to the procedures designed to ensure that the company is managed in the interests of the shareholders.
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Term
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Definition
- suggests that the benefits of accounting for and reporting information should outweigh the costs.
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Term
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- result from the disposal of a major component of the business and are reported net of income tax effects.
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Term
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Definition
- are predictions of earnings for future accounting periods.
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Term
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- are gains and losses that are both unusual in nature and infrequent in occurrence; they are reported net of tax on the income statement.
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Term
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- is used by publicly traded companies to disclose any material event not previously reported that is important to investors (e.g., auditor changes, mergers).
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Term
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Definition
- is the annual report that publicly traded companies must file with the SEC.
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Term
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- is the quarterly report that publicly traded companies must file with the SEC.
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Term
Gross Profit (Gross Margin)
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Definition
- is net sales less cost of goods sold.
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Term
| Income before Income Taxes (Pretax Earnings) |
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Definition
- is revenues minus all expenses except income tax expense.
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Term
| Income from Operations (Operating Income) |
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Definition
- equals net sales less cost of goods sold and other operating expenses.
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Term
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Definition
- are managers of pension, mutual, endowment, and other funds that invest on the behalf of others.
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Term
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Definition
- include suppliers and financial institutions that lend money to companies.
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Term
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Definition
- are amounts that are large enough to influence a user’s decision.
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Term
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Definition
- is a legal amount per share established by the board of directors; it establishes the minimum amount a stockholder must contribute and has no relationship to the market price of the stock.
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Term
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Definition
- is a written public news announcement normally distributed to major news services.
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Term
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Definition
- include individuals who purchase shares in companies.
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Term
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Definition
- can influence a decision; it is timely and has predictive and/or feedback value.
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Term
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Definition
- is accurate, unbiased, and verifiable.
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Term
| Unqualified (Clean) Audit Opinion |
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Definition
- is an auditor's statement that the financial statements are fair presentations in all material respects in conformity with GAAP.
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