In the Accounting Formula, What Is the "Fund Balance

question 19

Short Answer

In the accounting formula, what is the "fund balance"?

---

Definitions:

Accounts Receivable

Indicates the funds to be received by a business for credit sales made to customers, reflecting potential income.

Direct Method

A cash flow statement calculation method that lists the major operating cash receipts and payments, showing direct cash flows from operating activities.

Common Stock

Equity ownership in a corporation, with rights to vote on corporate matters and to receive dividends.

Cash Dividends

Cash Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.