The
Definition Of

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  • State unemployment taxes
    State unemployment taxes refer to taxes that are imposed on the employer by states that provide benefits to employees who lose their jobs.
  • Treasury stock
    Treasury stock is a corporation’s own stock that has been issued and subsequently reacquired from shareholders by the corporation but not retired.
  • Tax Rule
    A tax rule, often referred to as the LIFO conformity rule, requires that if companies use LIFO for tax purposes they must also use it for financial reporting purposes.
  • Accelerated-depreciation method
    Accelerated-depreciation method is a depreciation method that produces higher depreciation expense in the early years than in the later years.
  • Controllable cost
    All costs and revenues are controllable at some level of responsibility within a company. This truth underscores the adage by the CEO of any organization that...
  • Indirect method
    Indirect method is a method of preparing a statement of cash flows in which net income is adjusted for items that do not affect cash to determine...
  • Inventory turnover
    Inventory turnover is a ratio that measures the number of times on average the inventory is sold during the period. Its purpose is to measure the liquidity of the inventory.