Examlex
What are a firm's two principal sources of financing? Of what do these sources consist?
Net Income
The final amount of money a company makes after taking away all expenses, including taxes and the costs of operation, from the total income.
Owner Drawings
Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.
Revenues
The income earned from normal business operations and includes discounts and deductions for returned merchandise.
Expenses
Expenses refer to the outflow of money to another person or company to pay for an item or service, or for costs necessary to operate a business.
Q24: Which of the following is NOT a
Q27: A company concerned about the liquidity of
Q28: Banker's acceptances have the following characteristics EXCEPT<br>A)
Q41: A firm's credit and collection policies usually
Q70: Owners equity increases each period by the
Q75: You are going to add one of
Q100: The prices for the National Gasworks Corporation
Q118: Identify three prominent theories that attempt to
Q136: Based on the information in Table 4-1,the
Q181: Flashbinder Guitars,Inc.is negotiating with the bank for