Itemized Statement Definition & Example - InvestingAnswers
2019年10月1日 · Monthly bank statements for common checking accounts often are itemized statements. They show each deposit and withdrawal in the account during a given month. Nearly every kind of account has an associated itemized statement, including things such as cable bills, student loans, savings accounts, water bills, car loans, and invoices.
IRS -- Internal Revenue Service -- Definition & Example
2020年8月12日 · How Does the Internal Revenue Service (IRS) Work? In 1862, President Lincoln and the U.S. Congress created the position of Commissioner of Internal Revenue and enacted the first income tax, which was later repealed.
AGI -- Adjusted Gross Income -- Definition & Example
2020年9月29日 · What is Adjusted Gross Income (AGI)? Adjusted gross income (AGI) is the figure used by the Internal Revenue Service to determine a taxpayer 's eligibility for certain tax benefits.
Marketable Securities | Definition | InvestingAnswers
2020年12月8日 · They are listed at fair value on a balance sheet, and any gains or losses made during the holding period are also recorded. Temporary fluctuations in market value (unrealized gains or losses) are recorded on an income statement. Held to Maturity. These marketable securities are held by companies until they reach their maturity date.
What is a Cash Budget? - Definition & Example - InvestingAnswers
2020年11月2日 · For example, if a company's cash budget forecasts itemized inflows (income) of $1,000,000 and itemized cash payments (expenses) of $800,000, management can feel fairly certain that it will have enough cash to pay all of its bills. Why Does a Cash Budget Matter? A cash budget allows companies and individuals to evaluate income versus expenses.
Financial Statement Analysis for Beginners - InvestingAnswers
Financial Statement Analysis Example for the Income Statement . An income statement provides insight into a company's revenues, expenses, gains, and losses in a given period. This information is particularly useful for investors and analysts as it can help them track a company’s performance, profitability, efficiency, and more.
Standard Deduction Definition & Example - InvestingAnswers
2020年10月8日 · There are two kinds of tax deductions: standard and itemized. A standard deduction is a flat amount that applies to all qualified taxpayers. An itemized deduction requires calculations, proof of a qualifying expense, and time to fill out extra IRS forms at tax time. A taxpayer cannot claim standard deductions and itemized deductions; he must ...
Retained Earnings Definition & Example - InvestingAnswers
2020年9月29日 · The retained earnings statement summarizes changes in retained earnings for a fiscal period, and total retained earnings appear in the shareholders' equity portion of the balance sheet. This means that every dollar of retained earnings means another dollar of shareholders' equity or net worth.
Profit & Loss Statement | P&L Meaning & Formula
2020年12月21日 · The profit and loss statement summarizes all revenues and expenses a company has generated in a given timeframe. This summary provides a net income (or bottom line) for a reporting period. The P&L reporting period can be any length of time, but the most common are monthly, quarterly, and annually. A P&L statement is also known as: income …
Net Income | Example, Formula & Meaning | InvestingAnswers
2021年5月17日 · For businesses, net income indicates how well a company is managing its profit (i.e., earnings and expenses). Net income for a business is found on the income statement and is examined by shareholders, prospective investors, and potential lenders to help determine whether the company is solvent and able to pay additional debts.