Examlex
When the value of plant assets decline after acquisition,but before disposition,both GAAP and IFRS require companies to record those decreases as impairment losses.
Term Length
The fixed period of time that an elected official or appointed position holds office before requiring re-election or reappointment.
Elastic Clause
A provision in the U.S. Constitution that grants Congress the power to pass all laws necessary and proper for carrying out its powers, offering flexibility in lawmaking.
Tenth Amendment
An amendment to the United States Constitution that emphasizes the federal structure of the government, stating that powers not delegated to the federal government nor prohibited to the states, are reserved to the states or to the people.
Federalist Papers
A series of 85 essays written by Alexander Hamilton, James Madison, and John Jay promoting the ratification of the U.S. Constitution.
Q13: The journal entry for petty cash reimbursement
Q20: A _ is a potential obligation arising
Q35: Paoli Pizza bought $5,000 worth of
Q40: Extraordinary repairs are expenditures extending the asset's
Q41: A company reported stockholders' equity on January
Q61: The accounts receivable turnover is calculated by:<br>A)
Q90: On September 15, SportsWorld borrowed $75,000 cash
Q101: When two clerks share the same cash
Q114: A company has $80,000 in outstanding in
Q179: A company's income before interest expense and