temporary balance sheet
81Deferred Income Tax — A liability recorded on the balance sheet that results from income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount… …
82Deferred Tax Liability — An account on a company s balance sheet that is a result of temporary differences between the company s accounting and tax carrying values, the anticipated and enacted income tax rate, and estimated taxes payable for the current year. This… …
83Impaired Credit — A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit score, in the case of an individual, or a reduction in the credit rating assigned to an entity by a rating agency or lender. The… …
84Leverage — The use of debt financing. The New York Times Financial Glossary * * * ▪ I. leverage le‧ver‧age 1 [ˈliːvrɪdʒ ǁ ˈle , ˈliː ] noun [uncountable] 1. the influence that one person or organization has on another: • It uses its considerable economic… …
85leverage — The ability to control large dollar amounts of a commodity with a comparatively small amount of capital. Chicago Board of Trade glossary The control of a larger sum of money with a smaller amount. By accepting the liability to purchase or deliver …
86shift — ▪ I. shift shift 1 [ʆɪft] noun [countable] 1. HUMAN RESOURCES one of the set periods of time during each day and night when a group of workers in a factory etc are at work before being replaced by another group of workers: • She works an eight… …
87strengthen — verb ADVERB ▪ considerably, enormously, greatly, significantly, substantially ▪ The success in the election strengthened the party s position considerably. ▪ further …
88permanent diminution in value — A fall in the value of an asset that is unlikely to be reversed. The fixed asset must be shown in the balance sheet at the reduced amount, which will be the estimated recoverable amount. A provision has to be made through the profit and loss… …
89closing entries — In accounting, the entries that accomplish the transfer of balances in temporary accounts to the related balance sheet accounts …
90closing entries — In accounting, the entries that accomplish the transfer of balances in temporary accounts to the related balance sheet accounts …
