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
book value of an asset
Accounting; Tax
book value of an asset is the asset's cost less accumulated depreciation.
book value of stock
Accounting; Tax
The book value of the assets of a company less the liabilities Can be translated into book value per share by dividing by the number of shares outstanding
boot
Accounting; Tax
A tax term that means cash or unlike property received in an exchange For example, you trade investment real estate worth $500,000 for another property worth only $300,000 In addition to the deed ...
break-even point
Accounting; Tax
The dollar amount or unit amount of sales where total revenue equals total expenses
broad form policies
Accounting; Tax
With reference to insurance policies, policies that provide broad protection with very few limitations
broad form storekeepers policy
Accounting; Tax
An insurance policy for a retail store with four or fewer employees that provides both fidelity and crime coverage
builder's bonds
Accounting; Tax
Mortgage-backed securities issued by builders on mortgages accumulated from the sales of houses
