Examlex
Using the following worksheet for Alcazar Service Co.,please prepare a statement of owner's equity.The
data are for the year ended December 31,2012.
U.S. GAAP
United States Generally Accepted Accounting Principles, a set of rules and standards for financial accounting and reporting in the U.S.
Asset Test
A measure used to determine the liquidity of a company by comparing its liquid assets to its current liabilities.
Operating Segments
Individual, identifiable components of an enterprise that engage in business activities, earn revenues, and incur expenses.
Reportable
Pertaining to information or data that must be disclosed or presented in official reports.
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