Examlex
The accompanying figure shows the parts of a window. What is feature 2?
Separately Stated Items
Tax items stated separately on the K-1 form from a partnership or S corporation, allowing for proper reporting and treatment on individual returns.
Ordinary Income
Income earned from standard operations of business or through wages, as opposed to capital gains or dividend income.
Interest Income
Earnings received from various types of investments like savings accounts, CDs, and bonds.
Acctrecv.
Short for "accounts receivable," this term denotes money owed to a company by its customers for goods or services delivered but not yet paid for.
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