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financial statement
| Term | Definition |
|---|---|
| balance sheet | shows its assets on the left-side and the liabilities and equity, or claims against assets, on the right-side. |
| income statement | reports the result of operations over a period of time, and it shoes earnings per share as its ''bottom line''. |
| statement of retained earnings | shows the change in retained earnings between the balance sheet dates |
| operating cash | is paid out as dividends and plowed back into the business to produce growth |
| cash flow cycle | is the way in which actual net cash, as opposed to accounting net income, flows into or out of a firm during some specified period |
| statement of cash flows | reports the impact of its operating, investing, and financing activities on cash flows over an accounting period |
| value | any asset depends on the stream of after-tax cash flows it produces. |
| income tax rates | are progressive- the higher one's income, the larger the percentage paid in taxes, up to a point |
| assets | such as stocks, bounds, and real estate are defined as capital assets |
| operating income | paid out as dividends is subject to double taxation |
| interest income | received by a corporation is taxed as ordinary income however, 70 percent of the dividends received by one corporation |
Created by:
nrojo6654
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