International Accounting Standards

Assets – Resources owned by a business.
long term debt to assets ratio – total long term liabilities / total assets
gross profit – (finance) the net sales minus the cost of goods and services sold
Authorized Stock – Total number of shares available to sell to investors. Stated in companies articles of incorporation.
12.Unethical business – is illegal business practices.
Aggregate formula – Remuneration + capital- deductions-abil
computarse como pago a cuenta del impuesto a las ganancias futuro – computed as a credit towards future income taxes
revenues – Increase in retained earnings from delivering goods or services to customers or clients.
ASIC (Australian Securities and Investments Commission) – Australia's corporate, markets and financial services regulator
Securities and Exchange Commission (SEC) – An agency of the U.S. government that has authority over the accounting and financial disclosures for companies whose shares of ownership (stock) are traded and sold to the public.
The graph above shows a market in equilibrium at price $6. Then, a price floor is imposed.  BEFORE the price floor is imposed, consumer surplus is represented as: 
free cash flow – net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid
Accounting – : planning, recording, analyzing, and interpreting financial information
Purchases Journal – A special journal used to record the purchase of goods on credit.
salaries payable – current liabilities
The grаph аbоve shоws а market in equilibrium at price $6. Then, a price flоor is imposed.  BEFORE the price floor is imposed, consumer surplus is represented as: 
memorandum – a form on which a brief message is written describing a transaction
Account – This name refers to a record within an accounting system which is used to collect and store similar information for a specific asset, liability, equity, revenue, or expense.
Service Business – -sells a service to the public that has value
-ex. dentist, lawyer, hair dresser, etc

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