Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


An Introduction to the Foundation of Financial Management

Maximization of shareholder wealth or the maximization of the price of the price of the existing common stock. Goal of the Firm
A business owned by a single individual. Sole Proprietorship
A partnership in which all partners are fully liable for the indebtedness incurred by the partnership. General Partnership
A partnership in which one or more of the partners has limited liability,; restricted to the amount of capital he or she invests in the partnership. Limited Partnership
An entity that legally functions separate and apart from its owners. Corporation
A corporation that, because of specific qualifications, is taxed as though it were a partnership. S-Type Corporation
A cross between a partnership and a corporation under which the owners retain limited liability but the company is run and is taxed like a partnership. Limited Liability Corporation
A firm's dollar sales from its product or services less the cost of producing or acquiring them. Gross Income
Operating Income
Gross income from all sources, except for allowable exclusions, less any tax-deductible expenses. Taxable Income
Dividend Exclusion
The means by which an asset's value is expensed over its useful life for federal income tax purposes. Depreciation
Defined by the revenue code, a gain or loss resulting from the sale or exchange of a capital asset. Capital Gain/Loss
Net Capital Loss Carrback/Carryforward
A tax provision that permits the taxpayer first to apply loss against the profits earned in the 2 prior years. Net Opertaing Loss Carryback
If the loss has not been completely absorbed by the profits in these 2 years, it may be applied to taxable profits in each of the 20 following years. Net Opertaing Loss Carryforward
Created by: Wilkins188