Belief that the income statement should show all gains and losses of the company and no gains or losses directly related to equity.
Past-due loan that is questionable in terms of the full recovery of principal balance and accrued interest. Banks designate such loans as adversely classified assets in their account books.
Grouping similar assets together to assess a company's performance.
Organization of varied items into mutually exclusive but related classes.
Three common categories of workers are (1) Wage and salary worker: receives daily, weekly, or monthly remuneration including commission or tips, (2) Self-employed worker: works for commission, fee, or profit in own business, farm, or profession, (3) Unpaid family worker: works without cash ...
Memorandum of association of most firms permits stock to be issued in more than one class, such as voting shares and non-voting shares, or as class-A and class-B stock. Whereas the holders of different types of shares are entitled to different treatment, all holders of the same class of shares are ...
