Examlex
How does David Siquieros use scale and relative size to create emphasis in Echo of a Scream?
GAAP
Generally Accepted Accounting Principles; a collection of standardized guidelines and practices for financial accounting.
Income Summary
An account in the closing process that summarizes revenues and expenses for a period, transferring the net result to owner's equity.
Retained Earnings
The portion of a company's profits not distributed as dividends but reinvested in the business or kept as reserve.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.
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