20 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
flow-through entity
Accounting; Tax
An entity where the income, losses, and certain other items of income and deduction are passed through to the owners For example, partnerships, trusts, and S corporations
forward supply contract
Accounting; Tax
A contract for future supply of definite quantities of goods or services over a fixed period
free and clear
Accounting; Tax
In real estate the term is used to indicate that the investment analysis has ignored any debt on the property (Debt can distort the analysis by increasing the return if the interest rate is lower ...
free cash flow
Accounting; Tax
Free cash flow is the cash flow available to equity and debt holders, or, in other terms, the normal cash flow of the organization less necessary capital expenditures Normal cash flow is a less ...
full absorption costing
Accounting; Tax
Method of computing costs that starts with Direct Costs (materials, direct labor, variable overhead) but adds non-variable overhead
full costs
Accounting; Tax
All costs including Direct Costs and general and administrative expenses as well as selling expenses
accelerated depreciation
Accounting; Tax
A method of calculating depreciation where deductions are higher in the early years of the asset's life Contrasted with straight-line depreciation where deductions are equal for each year of the ...
