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The use of long-term sources of finance instead of short-term sources tends to decrease operating income.
Trial Balance
A bookkeeping report that lists the balances in each of an organization's general ledger accounts, used to verify that total debits equal total credits in the accounting ledgers.
Ledger Accounts
Individual financial accounts within the general ledger that record all transactions affecting that account, providing detailed financial information.
Dividends
Payments made by a corporation to its shareholder members, usually as a distribution of profits.
Income Statement
A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period of time.
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