Examlex
A __________is a federally or provincially chartered legal entity with authority to act and to have liability separate from its owners.
Cash Receipts
The collection of money, including cash, checks, and credit card payments, received by a business during a given period.
Negative Cash Effect
A situation where a company's cash outflows exceed its cash inflows, indicating a drain on the company's cash resources.
Accumulated Depreciation
A contra-asset account that summarizes or accumulates the amount of depreciation that has been taken on an asset.
Original Cost
The initial purchase price or cost of acquiring an asset including any additional expenses necessary to get it operational.
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