FORM 1120 Definition

Bookmark and Share

FORM 1120 is the income tax return form used by corporations in the U.S.

Learn new Accounting Terms

BANK GUARANTEE is an irrevocable commitment by a bank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requestors default.

VARIABLE COSTS are those costs associated with production that changes directly with the amount of production, e.g.,the direct material or labor required to complete the build or manufacturing of a product.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.