As opposed to an ordinary (or operating expense), which covers the day-to-day costs necessary to keep a business running, a capitalized expenditure is an expense that is made to 1) acquire an asset (whether tangible or intangible) that has a...
corporations
capitalized interest
Capitalized interest refers to accrued interest on an asset or loan that is not immediately reported on the company’s income statement as an expense like other interests. Instead, the corporation’s balance sheet reflects the interest in the...
capitalized value
Capitalized value is the current worth of an asset, usually real estate, based on a calculation of expected income from the asset over the course of its economic lifespan. Capitalized value is a useful tool for investors to decide whether an...
carrying on business
Carrying on business is to perform activities for a business organization such as a partnership or corporation with the purpose of making a profit. The concept is used in a few different ways such as:
A trustee may have a legal duty of...cartel
A cartel is a group of independent corporations or other entities that join together to fix prices, rig bids, allocate markets, or conduct other similar illegal activities. Cartel conduct is mainly subject to criminal penalties under United States...
cash method of accounting
Cash method of accounting is a method of accounting used by many individuals and some small businesses to record their liabilities and income. When using the cash method, transactions are recorded only when the payments have been made or...
certificate of formation
A certificate of formation is a legal document that must be filed to legally create a limited liability company (LLC); it serves the purpose of proving the company’s establishment, and contains all information about the formation of the...
certificate of incorporation
A certificate of incorporation is a legal document/license relating to the establishment of a company or corporation. It serves the purpose of proving that the company or corporation has been formed. It is issued by the state government, or...
certificate of organization
A certificate of organization, also known as articles of organization is a document that must be filed in order to establish a status of a Limited Liability Company (LLC). The certificate of organization must include information such as the...
Chapter 11 bankruptcy
Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan; see Tamir v. United States Trustee. Accordingly, the central goal of...