Examlex
Culture and sensitivity tests:
Stockholders' Equity
The portion of the balance sheet that represents the capital received from investors in exchange for stock, plus retained earnings and minus the company's treasury stock.
Contra Asset
An account on a company's balance sheet that offsets or reduces the balance of a related account.
Prepaid Expense
Expenses paid in advance for goods or services to be received in the future, treated as assets until they are actually consumed or expired.
Accounts Receivable
Receivables from clients to a corporation for products delivered or services rendered without payment.
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