Examlex
The variable overhead spending variance is the difference between the actual variable overhead cost and the amount of variable overhead cost budgeted for the actual level of cost driver activity.
Investment Account
A financial account held by an investor with a brokerage or financial institution, primarily used for holding stocks, bonds, mutual funds, and other securities.
Previously Unissued Shares
Shares that are authorized by a corporation's charter but have not been issued or sold to investors.
Consolidated Statement of Cash Flows
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, including the cash flows of the parent company and its subsidiaries.
Decrease in Accounts Payable
A situation where the total amount owed by a company to its suppliers or creditors decreases during a specific period.
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