Examlex
A corporation is a business that is legally separate and distinct from its owners.
Debt Ratio
A financial ratio that measures the proportion of a company's total debt to its total assets.
Balance Sheet
A report showing a firm's holdings, debts, and owner's equity on a certain date.
Corporation
A legal entity separate from its owners, with rights and responsibilities, capable of entering contracts, suing, and being sued.
Business Segment
A division within a company that generates revenues and incurs expenses related to different products, services, or geographic areas.
Q34: On January 1, the Valuation Allowance for
Q51: preferred and common stock that represent ownership
Q56: A fiscal year that ends when business
Q62: In the chart of accounts, the balance
Q74: The ending balance of the retained earnings
Q81: For the year ending December 31, Orion,
Q101: Generally accepted accounting principles require accrual-basis accounting.
Q111: A dividends account represents the amount of
Q192: Depreciation on an office building is $2,800.
Q198: On March 1, a business paid $3,600