Examlex
The following note disclosure appeared in a recent annual report of Halliburton:
Our receivables are generally not collateralized. Included in notes and accounts receivable are notes with varying interest rates totaling $12 million at December 31. At December 31, 39% of our consolidated receivables related to our United States government contracts, primarily for projects in the Middle East
-Explain the transactions that typically would affect the discount on notes receivable account.
Consumption Expenditures
Spending by households on goods and services, with the exception of purchases of new housing.
Effective Marginal Tax Rate
The rate at which an additional dollar of income gets taxed, taking into account the impact of all applicable tax brackets.
Income
Money received on a regular basis from work, investments, business ventures, or other sources.
Medicaid Benefits
Medicaid Benefits are health care program benefits provided by the state and federal government to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.
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