Financial Terms “W”

Financial Terms Dictionary W W-2 Form A W-2 Form is an Internal Revenue Service (IRS) form for reporting salaries, wages, or tips. A 1099 form is for reporting income other than salaries, wages, and tips. Windows key The Windows Logo Key is a special keyboard key on Windows keyboards. It is on the left of […]

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Financial Terms “X Y Z”

Financial Terms Dictionary – X Y Z – XLOOKUP XLOOKUP is an Excel function that searches a range or an array for a match and returns the corresponding item from a second range or array. It is more versatile than VLOOKUP because it can get data from either columns or rows. XLOOKUP is a new function that

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What is Revenue? Revenue is income from selling a product or service. A company earns revenue when it receives an asset for selling to a customer. The asset could be cash, accounts receivable, or other assets. Revenues are also called sales. Revenue goes on the company’s income statement. Total revenue is called the top line

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Equity is owners’ investment in a company. Stockholders’ equity equals assets minus liabilities and it appears on the balance sheet. What is Equity? Equity appears on a company’s balance sheet. As equity increases, the value of the owners’ investment increases. There are several alternate names for equity: stockholders’ equity shareholders’ equity owners’ equity owners’ capital

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