Examlex
What is the primary purpose for the SEC's requirement to disclose all transactions of senior management?
Account Balance
The amount of money present in a financial account at any moment, which can reflect credits, debits, and pending transactions.
Debit Side
The debit side refers to the left side of an accounting ledger where debits are recorded, often signifying an increase in assets or expense accounts, or a decrease in liability, equity, or revenue accounts.
Credit Side
The right side of an account ledger, where increases in liabilities, equity, and revenue or decreases in assets are recorded.
Asset Account
An account on a company's balance sheet that represents a resource with economic value that is expected to provide future benefit.
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