Home | Contents | Contact Info |
 |
GLOSSARY OF TERMS
Home | Contents | Contact Info |
|
GLOSSARY OF TERMS
A B C D EF GH I JKL MN OP QR ST UVWXYZ
Quorum
The minimum attendance required to conduct business at a meeting. Usually, a quorum is achieved if a majority of directors are present (for directors meetings) or outstanding shares are represented (for shareholder meetings). The percentage needed for a quorum may be modified in the bylaws.
Relative size, expressed as the number of times one quantity is contained in another (for example, the ratio of assets to liabilities of a company having total assets of $200,000 and liabilities of $150,000 would be $200,000 / $150,000 = 1.33)
An amount to be received at a future date.
Rescheduling of payments due, usually resulting in smaller payments over a longer period of time.
The agent named in the articles of incorporation. The agent will receive service of process on the corporation and other important documents. The agent must be named in the articles of incorporation.
The office named in the articles of incorporation. The registered office must be where the registered agent is located, and need not be the principal office or place of business of the corporation.
A resolution is a formal decision of the corporation that has been adopted by either the shareholders or the board of directors.
Cumulative net incomes of a corporation less losses and dividend distributions to shareholders (profits not distributed).
Gross proceeds from sale of goods or services. Also, interest and dividends earned on investments. Revenue is a source of income.
The un-audited review of financial statements of a business or organization by an independent accountant for the purpose of determining the plausibility of the information reported on. A review includes making inquiries concerning financial, operating and contractual information, applying analytical procedures and having discussions with appropriate officials of the enterprise.
The accountant’s report that prefaces un-audited financial statements and provides negative assurance that the financial information conforms to generally accepted accounting principles.
Possibility that the actual return on an investment will be less than its expected return.
Home | About
Total Tax Solutions | Contents | Contact
Info | Disclaimer
Info Request Form | Glossary | Questions & Comments | Links | Guestbook
Total Tax Solutions, Inc.
Email: info@totaltaxsolutions.com
Voice: (818) 352-0384 Fax: (818)
352-8684
Post Office Box 10865 Glendale, CA 91209-3865