Examlex
The legal level of budgetary control represents the administrative level at which expenditures may not exceed appropriations without a formal budgetary amendment.
Cash Dividends
Payments made by a corporation to its shareholder members. It is the share of profits distributed in the form of cash.
Direct Method
A way of preparing cash flow statements where actual cash inflows and outflows from operational activities are listed.
Selling Expenses
Costs incurred directly and indirectly in making sales, including commissions, advertising, and salaries of sales staff.
Administrative Expense
Overhead or general expenses related to the day-to-day running of a business but not directly tied to production.
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