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High levels of language intensity are used to convey strong feelings in the recipient,while low intensity conveys weak feelings.
Accounting Cycle
A complete cycle that describes the steps in recording and processing financial transactions of a company from when the transaction occurs to its representation on the financial statements, and until the accounts are closed.
Pro Forma Statements
Pro forma statements are financial reports that project the future financial performance of a company based on current and past data, assuming certain conditions or events.
Unearned Revenue
Money received by a company for services or products yet to be delivered or provided, considered a liability until the service or product is delivered.
Prepaid Expense
Expenses paid in advance for goods or services, which are recorded on a balance sheet as assets until used.
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