Examlex
What does "distortion by omission" mean?
Capital Stock
The original amount the owners paid into the company plus any additional paid-in capital to purchase stock in the company.
Long-Term Debt
An obligation for debt that is due to be repaid in more than 12 months.
5-Year Bank Loan
A financial agreement where a bank lends money to a borrower, to be repaid with interest over a five-year period.
Intangible Assets
Non-physical assets that have value, such as trademarks, patents, copyrights, and goodwill.
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