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Investment related expenses, such as paying a fee to an investment manager, generally are deductions from adjusted gross income in 2018.
Balance Sheet
A statement that outlines an enterprise's assets, liabilities, and the equity held by shareholders, pinpointed to a specific time frame.
Equity Changes
Refers to the alterations in the owners' equity over a specific period due to net income, dividend payments, and capital injections.
Compound Entry
An accounting entry that involves multiple debits and/or credits in a single journal entry, typically used when a transaction affects more than two accounts.
Income Statement
A financial statement that provides a summary of a company's revenues, expenses, and profits or losses over a specific period of time.
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