Examlex
__________________occurs when a corporate employee with direct knowledge of market-sensitive information uses it to buy and sell securities, giving the employee-trader an unfair advantage over the general public.
Supplies
Items used in the operation of a business that are not directly related to the production of goods or services, such as office supplies.
Prepaid Expenses
Payments made in advance for goods or services that will be received in the future.
Retained Earnings
The portion of a company's profits that is not distributed to shareholders as dividends but is instead reinvested in the business or held as a reserve.
Closing
The process of finalizing accounts at the end of an accounting period by clearing any balances and summarizing the financial activities.
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