13 Terms
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Tax
Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.
Industry: Accounting
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Tax
cash flow
Accounting; Tax
Generally, the net income from an investment or business plus depreciation and other noncash charges For example, Madison Inc has reported net income of $100,000, which includes a depreciation ...
cash-on-cash return
Accounting; Tax
Usually reserved for real estate income properties, it's the annual cash flow from the property divided by your cash investment Sometimes called return on equity or equity dividend rate It's a ...
cash ratio
Accounting; Tax
The ratio of cash and marketable securities to current liabilities It's similar to the Quick Ratio but does not include accounts receivable in the numerator It's another measure of how much of the ...
certificate of compliance
Accounting; Tax
A vendor's certification that the supplies or services delivered meet certain specified requirements
claims-occurrence basis
Accounting; Tax
With this type of insurance policy the insurer is responsible for claims from events that occurred during the time the policy was in force It makes no difference when the claim is filed
closely held corporation
Accounting; Tax
A corporation with five or fewer shareholders who own more than 50% in value of the stock at any one time during the year Note, this is the IRS definition In common usage the definition can be ...
