21-30 Flashcards
1
Q
Retained Earnings
A
The earnings the company has reinvested into itself over its entire lifetime
2
Q
Interest
A
Compensation for lending money
3
Q
Dividends
A
A distribution of profit to stockholders
4
Q
Assets
A
Resources the company owns/controls
5
Q
Short-Term (Current Assets)
A
Assets expected to be converted to cash within a year
6
Q
Long-Term (Fixed Assets)
A
Assets expected to be kept for longer than a year
7
Q
Accounts Receivable
A
The amount a business expects to collect from its customers
8
Q
Intangible Assets
A
Assets that cannot be touched (Patents/Copyrights)
9
Q
Amortization
A
Used to spread out the cost of an intangible asset
10
Q
Liquidity
A
The speed and ease with which an asset can be converted into cash without a significant loss in value
