Across
- The recognition that NET INCOME for any PERIOD less than the life of the business, although tentative, is still a useful estimate of net income for that period.
- Person who AUDITS financial accounts and records kept by others. Includes both public accounting firms and associated persons thereof.
- ACCOUNTING method of valuing INVENTORY under which the costs of the first goods acquired are the first costs charged to expense.
- The use of borrowed funds to increase the profit from an investment.
- Charge levied by a governmental unit on income, consumption, wealth, or other basis.
- Return on an INVESTMENT an investor receives from DIVIDENDS or INTEREST expressed as a percentage of the cost of the SECURITY.
- Method of bookkeeping by which REVENUES and EXPENDITURES are recorded when they are received and paid.
- ACCOUNT considered to be an offset to another account. Generally established to reduce the other account to amounts that can be realized or collected.
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Down
- Costs that remain constant within a defined range of activity, volume, or time period.
- Price when the supply of goods in a particular market matches demand.
- Total costs that change in direct proportion to changes in productive output or any other measure of volume.
- Reduction from the full amount of a price or DEBT.
- Distribution of earnings to owners of a CORPORATION in CASH, other ASSETS of the corporation, or the corporation's CAPITAL STOCK.
- Method of computing a deduction to ACCOUNT for a reduction in value of extractable natural resources.
- Prospective FINANCIAL STATEMENTS that are an entity's expected financial position, results of operations, and cash flows.
- Takeover of a private company’s assets or operations by a government.
- The line in a FINANCIAL STATEMENT that shows NET INCOME or LOSS.
- Money or property put into the custody of a third party for delivery to a GRANTEE, only after fulfillment of specified conditions.
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