Examlex
The disclosures for stockholders' equity must include the pertinent rights and privileges of the various securities outstanding.
Expense Account
An income statement account that represents the cost of goods sold or services provided to generate revenue.
Credit Balance
A credit balance occurs when the total credits in an account exceed the debits, often seen in liability, revenue, and equity accounts.
Capital Account
An account on a company's balance sheet that represents the owners' stake or equity in the company.
Debit Balance
A financial situation where the total sum of debits in an account exceeds the total sum of credits, indicating assets or expenses.
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