Examlex
Most accounting systems evolve as the business grows and requires changes in its methods for collecting, accumulating, and reporting information.
Salaries Payable
An account representing the owed but not yet paid salaries to employees at the end of a period.
Salary Expense
Salary expense refers to the total amount paid by an employer to its employees for work performed during a specific period, which is reported on the income statement.
Cash Paid
Amounts of cash disbursed by a business for various purposes, including operating expenses, asset purchases, and debt repayments.
Free Cash Flow
A financial metric indicating the amount of cash generated by a company after accounting for capital expenditures.
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