Define each of the following terms: a. Annual report; balance sh

Define each of the following terms:

a. Annual report; balance sheet; income statement

b. Common stockholders’ equity, or net worth; retained earnings

c. Statement of retained earnings; statement of cash flows

d. Depreciation; amortization; EBITDA

e. Operating current assets; operating current liabilities; net operating working capital; total net operating capital

f. Accounting profit; net cash flow; NOPAT; free cash flow

g. Market Value Added; Economic Value Added

h. Progressive tax; taxable income; marginal and average tax rates

i. Capital gain or loss; tax loss carry-back and carry-forward

j. Improper accumulation; S corporation

Depreciation
Depreciation is an important concept in accounting. By definition, depreciation is the wear and tear in the value of a noncurrent asset over its useful life. In simple words, depreciation is the cost of operating a noncurrent asset producing...

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