Term
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Definition
| an amount earned by a corporation and not yet distributed to stockholders |
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Term
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Definition
| earnings distributed to stockholders |
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Term
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Definition
| a group of persons elected by the stockholders to manage a corporation |
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Term
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Definition
| action by a board of directors to distribute corporate earnings to stockholders |
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Term
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Definition
| the amount of goods on hand for sale to customers |
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Term
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Definition
| accounts receivable that cannot be collected |
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Term
| Allowance method of recording losses from uncollectible accounts |
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Definition
| crediting the estimated value of uncollectible accounts to contra account |
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Term
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Definition
| the difference between an asset's account balance and its related contra account balance |
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Term
| Book value of accounts receivable |
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Definition
| the difference between the balance of Accounts Receivable and its contra account, Allowance for Uncolletible Accounts |
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Term
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Definition
| cash and other assets expected to be expected to be exchanged for cash or consumed within a year |
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Term
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Definition
| assets that will be used for a number of years in the operation of a business |
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Term
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Definition
| the portion of a plant asset's cost that is transferred to an accounts in each fiscal period during a plant asset's useful life |
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Term
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Definition
| the amount an owner expects to receive when a plant asset is removed from use |
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Term
| Straight-line method of depreciation |
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Definition
| listing of customers accounts, account balances, and total amount due from all customers |
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Term
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Definition
| the total amount of depreciation expense that has been recorded since the purchase of a plant asset |
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Term
| Book value of a plant asset |
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Definition
| the original cost of plant asset minus accumulated depreciation |
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