Examlex
The times-interest-earned ratio is calculated as EBIT divided by interest expense.
Original Cost
The amount initially paid for an asset, not accounting for depreciation, inflation, or market value adjustments.
Short-Term Note
A debt instrument with a maturity of less than one year, used by companies to finance short-term obligations.
Legal Fees
Charges incurred for legal services provided by attorneys or law firms.
Delinquent Taxes
Taxes that have not been paid by the due date, often incurring penalties and interest.
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