Finance terminology
From wikinotes
TBD
asset equipment, furniture, buidings, cash, etc. (sub-classified as property, plant, equipment) equity amount of money returned to owners if all assets were sold, after paying all debts liability
Quantifiers
net gross
Assets
Resources a company owns or controls (ex. equipment, machinery, furniture, cash etc.)
subclassified as property/plant/equipment.
goodwill assets acquisition for more than cost of identifiable-assets intangible assets copyrights, trademarks, etc. returns dividends, interest paid on an investment
Accounting
income/revenue profit from sales, service, interest on loan accounts receivable money owed (ex. rent, loan payments, deferred tax) accounts payable interest payable salaries payable property tax payable sales tax payable income tax payable
