Question define each of the following termsa annual report, Ask an Expert

Accounting

Question: Define each of the following terms:

a. Annual report; balance sheet; income statement

b. Common stockholders' equity, or net worth; retained earnings

c. Statement of retained earnings; statement of cash flows

d. Depreciation; amortization; EBITDA

e. Operating current assets; operating current liabilities; net operating working capital; total net operating capital

f. Accounting profit; net cash flow; NOPAT; free cash flow

g. Market value added; economic value added

h. Progressive tax; taxable income; marginal and average tax rates

i. Capital gain or loss; tax loss carryback and carryforward

j. Improper accumulation; S corporation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92327344

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