ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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K-1, SCHEDULE Definition
K-1, SCHEDULE is an IRS form used to report a beneficiarys share of income, deductions, credits, and other items from certain trusts or partnerships.
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LAND, in terms of accounting, is the value of real estate less the value of improvements, e.g. buildings.
ECONOMIC VALUE (EV) is the value of an asset deriving from its ability to generate income.