Examlex
A participant has an adjusted basis of zero in any nondeductible contributions to a traditional IRA.
Net Income
The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.
Negative Net Working Capital
A financial situation where a company's current liabilities exceed its current assets, indicating potential liquidity problems.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle of a business, whichever is longer.
Current Assets
Financial resources or inventory that are readily convertible into cash or are expected to be used up through the normal operations of the business within one year or one cycle of operation.
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