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What did the framers call the "LEAST dangerous branch" of American government?
Accrue Expenses
The recording of expenses that have been incurred but not yet paid, reflecting obligations on the balance sheet.
Indirect Method
A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred taxes, and changes in working capital to calculate cash flow from operating activities.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
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